---
title: "Binance Hit By Record $6.3 Bln Crypto Hack"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/303806473.md"
description: "Binance suffered a $6.3 billion security breach, potentially the largest financial theft ever. Hackers compromised its transaction system, prompting halted withdrawals. Binance states customer funds are safe and has allocated company funds to cover losses, with $3 billion recovered or frozen. The attack resembles North Korean-linked hacks. U.S. authorities are investigating, while Tether and Circle froze associated assets. The incident caused Bitcoin and Ether prices to drop significantly."
datetime: "2026-10-30T21:31:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/303806473.md)
  - [en](https://longbridge.com/en/news/303806473.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/303806473.md)
generator: "portal-rs"
---

# Binance Hit By Record $6.3 Bln Crypto Hack

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Binance, the world's largest cryptocurrency exchange, suffered a $6.3 billion security breach in what analysts described as potentially the largest financial theft ever recorded.

The exchange halted withdrawals after hackers compromised its transaction approval system and transferred assets from an internet-connected wallet. Binance said customer funds remain safe and it has set aside about $6.34 billion of company funds to cover the losses. Around $3 billion of the affected assets have so far been located or frozen.

Blockchain analysis firms TRM Labs and Chainalysis said the attack showed similarities to previous cryptocurrency thefts attributed to North Korea. Binance is working with U.S. authorities, including the FBI and Secret Service, as investigators trace the stolen funds.

Tether froze nearly $1.57 billion linked to the breach, while Circle froze more than $800 million. The attack also pressured cryptocurrency markets, with bitcoin falling to a six-week low of $76,368 and ether dropping more than 3 percent to a two-month low of $2,178. 

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**