www.cryptopolitan.com Binance Suffers $6.3 Billion Hack; Musk Trolled Amid Crisis
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- •Binance lost approximately $6.3 billion in a cyberattack attributed to North Korean hackers.
- •Changpeng Zhao publicly requested Elon Musk to refrain from trolling during the crisis.
- •Binance will cover user losses and plans to restore withdrawals soon.
On October 29, 2026, Binance reported a large cyberattack resulting in the theft of approximately $6.3 billion in assets, primarily from its hot wallets. The attack is suspected to be linked to the North Korean hacking group TraderTraitor, with around $3 billion in cryptocurrency assets currently frozen. Following the breach, Binance co-founder Changpeng Zhao (CZ) publicly urged Elon Musk to stop mocking the situation on social media, reminding him of Binance's significant stake in SpaceX, worth over $1 billion. Musk's posts included emojis that appeared to poke fun at the situation, leading to CZ's call for support instead of trolling. Binance has stated it will cover all losses from its SAFU fund and reserves and plans to resume withdrawals shortly. Investigations are ongoing to trace the stolen funds across multiple blockchains.
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Binance Hack: $6.3 Billion Stolen in Largest Crypto Heist 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… 
Binance Suffers $6.3 Billion Hack Linked to North Korean Group On October 29, 2026, Binance, the world's largest cryptocurrency exchange, was hacked, resulting in an estimated $6.3 billion stolen from its wallets, marking it as the largest crypto heist in history. The attack is attributed to the North Korean hacking group TraderTraitor, which gained access through a compromised…