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● LIVE Updated 1h ago · 15 sources tracked

What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft

Cryptocurrency exchange Binance suffered a theft of $6.3 billion in virtual assets within a matter of minutes, marking what is likely the largest crypto heist in history. The FBI states that North Korea was responsible for the breach. Following the incident, Binance resumed user withdrawals, which triggered significant financial movement including around $4.7 billion withdrawn on Sunday and a resulting net outflow of $3.64 billion. Circle also froze more than $1.1 billion in USDC, while Binance covers the vast majority of losses and investigations proceed.

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  • ✓ Binance suffered a hack resulting in the theft of $6.3 billion in virtual assets.
  • ✓ The FBI stated that North Korea was responsible for the Binance heist.
  • ✓ Circle froze more than $1.1 billion in USDC following the breach.
  • ✓ Binance logged a $3.64 billion net outflow as withdrawals reopened.
🛡️ Source Corroboration: 15 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Binance reopened customer withdrawals after the breach, resulting in massive net outflows and targeted freezes of stolen funds.

Live updates

  1. Binance Hit by $6.3B Crypto Theft in Record-Breaking Hack

    Cryptocurrency exchange Binance suffered a theft of $6.3 billion in virtual assets within a matter of minutes, marking what is likely the largest crypto heist in history. The FBI states that North Korea was responsible for the breach. Following the incident, Binance resumed user withdrawals, which triggered significant financial movement including around $4.7 billion withdrawn on Sunday and a resulting net outflow of $3.64 billion. Circle also froze more than $1.1 billion in USDC, while Binance covers the vast majority of losses and investigations proceed.

    Why it matters

    The massive breach highlights severe security vulnerabilities plaguing major digital asset exchanges and drew warnings from experts regarding escalating cyber threats. Blockchain intelligence firms and federal authorities quickly tracked the digital trail, identifying state-sponsored actors behind the multi-billion dollar operation. The incident spurred immediate liquidity strains and defensive freezing of assets across the digital finance ecosystem.

    What is confirmed

    • Binance suffered a hack resulting in the theft of $6.3 billion in virtual assets.
    • The FBI stated that North Korea was responsible for the Binance heist.
    • Circle froze more than $1.1 billion in USDC following the breach.
    • Binance logged a $3.64 billion net outflow as withdrawals reopened.

    Still unconfirmed

    • CoinJoin was used in laundering the $6.3 billion in stolen funds.

    What to watch next

    • Further recovery or freezing of the stolen $6.3 billion in digital assets by blockchain firms and issuers.
    • Additional details from ongoing investigations into North Korea's methods for the Binance heist.
    Sources used for this update (15)
    1. BBC — Binance hack updates: Crypto giant hit by $6.3bn hack
    2. The New York Times — What Protections Exist for Binance’s Customers?
    3. NPR — Blockchain intelligence firms link North Korea to $6.3B hack on Binance
    4. The Atlantic — A Very Bad 24 Hours for Crypto
    5. AP News — What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft
    6. Fox Business — Expert warns of 'AI hacking bloodbath' following massive Binance cryptocurrency theft
    7. Gizmodo — Binance Reassures Users That $6.3 Billion in Stolen Crypto Is, Like, Pocket Money to Them
    8. The Economist — World in Brief: Tech stock slump continues; Hackers attempt a crypto heist
    9. www.pbs.org — What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theft
    10. finance.yahoo.com — Binance resumes withdrawals after billions stolen in hack
    11. coinfomania.com — New Developments in Binance Hack: $6.3B in Funds Involved
    12. www.briefs.co — Binance logs $3.64 billion net outflow as withdrawals reopen after $6.3 billion hack
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