Binance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in Losses

NYT Business Friday 30 October 2026, 03:07 UTC By David Yaffe-Bellany 1 min read

Key Points

Changpeng Zhao, Binance’s founder, said the incident “does look like a hack.”

Changpeng Zhao, Binance’s founder, said the incident “does look like a hack.” [Image text:] BINAMCE obinanceitalian

Binance Grapples (PERSON) Changpeng Zhao (PERSON) Binance (PERSON)

Originally published by NYT Business Read original →

Billions stolen as Binance targeted in largest cryptocurrency hack in history In short: Crypto watchers are reporting up to $US6.3 billion ($8.9 billion) in digital funds were stolen this morning, with more than $3 billion currently frozen. It appears the funds were moved after attackers compromised a staff member's laptop. Binance has moved to reassure users their funds are completely safe and it will cover all hacking losses.

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Binance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in Losses

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