Binance Hack: $6.3 Billion Stolen, Withdrawals Paused & Bitcoin Falls (What We Know, October 30, 2026)

Binance, the world's largest cryptocurrency exchange, confirmed a major security breach on Thursday, October 29, 2026. The company says the total impact is about $6.3 billion, making it the largest crypto hack in history.

This is a developing story, and figures are changing. This article is not financial advice.

Binance Hack at a Glance

What Happened?

Users reported funds leaving Binance's wallets, and the exchange later confirmed a security incident. Binance paused deposits and withdrawals on multiple networks as a precaution and is working with law enforcement and blockchain investigators to trace the stolen funds.

Early estimates varied from $2 billion to more than $5 billion, before Binance put the figure at roughly $6.3 billion.

Who Was Behind the Hack?

Binance hasn't named a culprit. A blockchain intelligence firm and other analysts say North Korea's Lazarus Group is likely responsible, but this is not confirmed.

What Has Been Frozen?

• Tether froze about $1.56 billion connected to the hack.
• Circle froze more than $800 million in USDC.
• Binance says it and its partners identified and froze about $3 billion in total.
• Reports say more than 18,000 bitcoin was split into 19 wallets, and the attacker also holds a large amount of ether. These assets can't be frozen like stablecoins.

Is My Money Safe on Binance?

Binance says user funds are safe and it will "cover all losses." Co-founder Changpeng Zhao also said as a shareholder that he expects all user funds to be covered. Remember that crypto held at exchanges isn't insured the way bank deposits are, and the full impact isn't known yet.

Bitcoin Price and Ethereum Price After the Hack

Crypto prices fell sharply after the news.

Prices change every minute. Check a live price tracker and update this table before publishing.

Analysts said the market stabilized after the freezes and Binance's pledge to cover losses. Some institutional investors were reported to be pulling funds off exchanges, and Aave froze lending markets to block the attacker from borrowing.

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What Should Crypto Users Do?

• Don't panic-sell based on rumors. Check official Binance channels for updates.
• Beware of scams. Fake "recovery" and "refund" messages spread after hacks. Binance will not ask for your password or 2FA codes.
• Turn on two-factor authentication (an authenticator app) and anti-phishing codes.
• Don't keep more on an exchange than you can afford to lose. Consider using a personal wallet for long-term holdings.
• Wait for official updates before assuming withdrawals have resumed.

Sources

• ABC News: Billions stolen as Binance targeted in largest crypto hack
• Al Jazeera: Binance says $6.3bn stolen
• Axios: Binance halts trading after biggest-ever crypto hack
• TechCrunch: Binance pauses withdrawals
• CoinDesk: Binance loses over $6 billion
• Yahoo Finance: Binance targeted in $6.3 billion heist
• Binance official channels

FAQ

Was Binance hacked? Yes. Binance confirmed a security incident and estimates the total impact at about $6.3 billion.

Are my funds safe on Binance? Binance says user funds are safe and it will cover all losses.

Can I withdraw from Binance? Deposits and withdrawals were suspended. Check Binance's official channels for the latest.

Who hacked Binance? Unconfirmed. Analysts point to North Korea's Lazarus Group.

What happened to the Bitcoin price? It fell to a six-week low near $77,000.

Last updated: October 30, 2026. This is a developing story, and details may change. This article is not financial advice.