- The Binance hack affected an estimated $6.3 billion in cryptocurrency, exceeding the scale of the $1.5 billion Bybit theft in February 2025.
- Binance said approximately $3 billion had been frozen on-chain through coordination with blockchain partners.
- The exchange announced a temporary suspension of deposits and withdrawals while teams carried out security checks and worked with law enforcement.
- Initial findings point to a compromised employee laptop, while Binance pledged to cover losses and said it found no evidence of leaked wallet private keys.
Binance Hack Affects $6.3 Billion in Crypto
Binance confirmed a major security breach affecting approximately $6.3 billion in cryptocurrency, sending fresh uncertainty through digital asset markets on October 30.
The world’s largest cryptocurrency exchange by daily trading volume said it was working with blockchain partners to contain the incident. Approximately $3 billion in affected assets had been frozen on-chain, according to its announcement.
The estimated impact is more than four times the $1.5 billion stolen from Bybit in February 2025. That attack, attributed to North Korean-linked hackers, had previously set the benchmark for the largest cryptocurrency theft.
However, the $6.3 billion figure represents the estimated assets affected by the Binance hack. The final loss remains uncertain as investigators trace funds and pursue additional freezes.
Binance Suspends Transfers and Pledges to Cover Losses
At approximately 00:30 GMT on October 30, Binance announced that deposits and withdrawals had been temporarily suspended. The exchange said its teams were conducting security checks, freezing funds and coordinating with law enforcement.
Its public updates paired assurances about customer balances with a commitment to absorb losses.
In its security incident update, Binance said coverage would come from its Secure Asset Fund for Users, known as SAFU, and company funds.
The pledge addresses who would bear the financial impact. Recovering the affected assets and restoring normal operations remain separate parts of the response.
Binance also said the amount frozen could rise as law enforcement agencies, token issuers, blockchain intelligence firms and other partners continued tracing the funds.
Compromised Engineer Laptop Emerges as Initial Lead
Binance’s preliminary investigation pointed to a compromised laptop belonging to a DevOps engineer.
According to the exchange, that access allowed an unauthorized party to enter a service container and submit withdrawal transactions through internal infrastructure.
Binance said investigators had found no evidence that wallet private keys were
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