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● LIVE Updated 2h ago · 17 sources tracked

Binance Suspends Withdrawals After Crypto Hackers Steal $6.3 Billion

Binance, the world's largest cryptocurrency exchange, temporarily halted withdrawals following a security breach that resulted in the theft of approximately $6.3 billion in digital assets. Described by media outlets as the largest bank heist in human history, the massive breach triggered market losses across cryptocurrencies and equities tied to the sector. Token issuers and blockchain networks successfully froze around $2.7 billion of the stolen funds, while Binance stated it has covered 95% of the stolen assets and since restored deposits and withdrawals.

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  • ✓ Binance suspended withdrawals after a security breach involved the theft of approximately $6.3 billion.
  • ✓ Token issuers and blockchain networks succeeded in freezing around $2.7 billion of the stolen funds.
  • ✓ Binance stated it has covered 95% of the stolen assets and resumed deposits and withdrawals.
  • ✓ The exchange processed over $4 billion in withdrawals and over $1 billion in deposits since Sunday.
🛡️ Source Corroboration: 17 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Binance has resumed deposits and withdrawals after confirming it covered 95% of the stolen assets.

Live updates

  1. Binance Resumes Withdrawals After $6.3 Billion Crypto Hack

    Binance, the world's largest cryptocurrency exchange, temporarily halted withdrawals following a security breach that resulted in the theft of approximately $6.3 billion in digital assets. Described by media outlets as the largest bank heist in human history, the massive breach triggered market losses across cryptocurrencies and equities tied to the sector. Token issuers and blockchain networks successfully froze around $2.7 billion of the stolen funds, while Binance stated it has covered 95% of the stolen assets and since restored deposits and withdrawals.

    Why it matters

    The incident represents a major test of security infrastructure and asset recovery mechanisms within the digital asset sector. Binance reported processing over $4 billion in withdrawals and over $1 billion in deposits since Sunday following the restoration of platform operations. Law enforcement and blockchain analytics investigations immediately focused on identifying the perpetrators behind the historic cyber theft.

    What is confirmed

    • Binance suspended withdrawals after a security breach involved the theft of approximately $6.3 billion.
    • Token issuers and blockchain networks succeeded in freezing around $2.7 billion of the stolen funds.
    • Binance stated it has covered 95% of the stolen assets and resumed deposits and withdrawals.
    • The exchange processed over $4 billion in withdrawals and over $1 billion in deposits since Sunday.

    Still unconfirmed

    • Blockchain intelligence firms and the FBI attribute the $6.3 billion hack to North Korea and its TraderTraitor group, while former President Trump expressed uncertainty over attribution.

    What to watch next

    • Further recovery progress regarding the remaining unrecovered portion of the stolen $6.3 billion.
    • Official law enforcement findings regarding the identities of the hackers and the operational method used in the breach.
    Sources used for this update (20)
    1. finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
    2. techcrunch.com — TechCrunch | Startup and Technology News
    3. kuwaittimes.com — Kuwait Times Newspaper - The Leading Independent Daily Kuwait News
    4. www.legit.ng — Nigeria breaking news
    5. www.straitstimes.com — Oil edges lower following three days of gains
    6. mashable.com — The latest Samsung Galaxy S27 Ultra rumors and leaks: Everything we know so far
    7. futurism.com — Grim Test Finds That AI Has No Mercy for Humans Even When It's Causing Them to Suffer
    8. The New York Times — Binance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in Losses
    9. CBS News — $6.3 billion Binance hack was likely work of North Korea, blockchain intel firms say
    10. Fox Business — Thieves make off with $6.3B from Binance: 'Biggest hack in history'
    11. Sky News — Crypto industry suffers 'largest bank heist in human history' as billions stolen in Binance hack
    12. NPR — Binance flags 'potential security issue,' says approximately $6.3 billion impacted
    confidence 95%
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