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Binance Hack: $6.3 Billion Stolen in Largest Crypto Security Incident

Binance Hack: $6.3 Billion Stolen in Largest Crypto Security Incident

First seen 2 Nov 2026, 17:45 UTC • •
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ThreatCluster AI
ThreatCluster •November 2, 2026 at 20:14 UTC
  • •Binance suffered a $6.3 billion hack, the largest in crypto history.
  • •Hackers accessed Binance's digital wallets via an engineer's compromised laptop.
  • •Binance is covering customer losses despite only having $1.2 billion in its SAFU.

On November 1, 2026, Binance disclosed a hack that resulted in the theft of $6.3 billion, marking the largest crypto security incident in history. The breach was attributed to hackers accessing an engineer's laptop and gaining control of the exchange's digital wallets. Following the attack, $3 billion in stolen assets were frozen by Tether, Circle, and other firms, leaving approximately $3.3 billion still under the hackers' control. Binance has committed to covering the losses to customers, despite its Secure Asset Fund for Users (SAFU) holding only $1.2 billion at the time. As of November 2, Binance reported that it has replenished 95% of the stolen assets and has begun restoring withdrawals in phases, starting with major cryptocurrencies like Bitcoin and Ether. The incident has raised concerns about the security of centralized crypto exchanges and the concentration of assets within a few platforms.

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Timeline

2026-11-01
Binance hack disclosed
Binance announced a breach resulting in a $6.3 billion theft, the largest in crypto history.
Tokenpost
2026-11-02
Withdrawals restored in phases
Binance began restoring withdrawals, starting with major assets like Bitcoin and Ether, after replenishing 95% of stolen assets.
Business Insider

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Common questions

How much was stolen in the Binance hack?
The Binance hack resulted in the theft of $6.3 billion, making it the largest crypto security incident to date.
Will customers get their funds back?
Yes, Binance has stated it will cover the losses to customers, despite its SAFU only holding $1.2 billion.
What is the current status of withdrawals?
Withdrawals have been restored in phases, starting with major assets like Bitcoin and Ether.