Techcrunch Binance Hack: $6.3 Billion Stolen in Largest Crypto Heist
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- •Binance experienced a hack resulting in an estimated $6.3 billion theft.
- •The attack vector involved a compromised laptop of a DevOps engineer.
- •Stablecoin issuers have frozen approximately $3 billion in assets linked to the incident.
On October 29, 2026, Binance, the world's largest cryptocurrency exchange, reported a major security incident involving an estimated $6.3 billion in stolen funds. The attack was attributed to a compromised laptop belonging to a DevOps engineer, allowing unauthorized withdrawal transactions. Approximately $3 billion in assets have been frozen by stablecoin issuers Tether and Circle, while the remaining funds are believed to be under the attacker's control. The incident is being investigated by Binance and law enforcement, with the company assuring users that their funds are safe and that it will cover all losses. This incident, if confirmed, would surpass the previous record for a crypto hack, which was $1.5 billion from Bybit in February 2025. The attack utilized EIP-7702, a feature on Ethereum that allowed the attacker to delegate control of a hot wallet.
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