Binance Breach: $6.3 Billion — the Largest Crypto Theft on Record

Title: Binance Loses $6.3 Billion in the Largest Crypto Theft on Record

Summary: Binance suspended withdrawals on October 29, 2026 after attackers made off with roughly $6.3 billion in assets — the largest crypto theft recorded so far. The company has since detailed how the intrusion started: the computers of two engineers were compromised through a bogus job interview and software hidden inside an advertisement, with a compromised internal AI tool also part of the chain. About $3 billion of the affected funds has been frozen on-chain, uncovered losses are covered by the exchange’s SAFU reserve, and Reuters reports US regulators are checking how the incident touches bank systems.

References:

• Binance security incident update
• Reuters — US regulators checking bank systems after the Binance hack
• CoinDesk — Binance loses over $6 billion in the largest crypto hack
• CNBC — the breach raises crypto exchange safety questions