Binance Says Half of Assets Stolen in $6.3 Billion Hack Are Frozen
Binance, the world's biggest crypto exchange, has been hit by a hack worth $6.3 billion (£4.7 billion), according to reports published on October 29 and 30, 2026. A crypto exchange is an online platform where people buy, sell and trade digital currencies. The theft is thought to be the biggest hack in history.
Reuters reported that the heist unfolded in 20 minutes. The speed of the attack is part of what is being examined, though the full mechanics have not been laid out publicly.
Binance said that half of the assets taken in the hack have been frozen, meaning they are blocked from being moved. Many of the remaining assets, it said, are still in the hands of the hackers. Binance also said it has "begun recovering" some of the funds.
Two analytics firms have attributed the hack to a North Korean hacking unit. No one has claimed responsibility for the attack.
Binance insisted that user funds are "safe" following the breach. A crypto firm has found multiple "points of breach," according to BBC live coverage, meaning several separate weak spots were exploited.
The scale of the theft is far larger than most previous crypto thefts, and the case now turns on how much of the money can be recovered and who carried it out. Binance has not yet said how much of the frozen money can be returned to users.
