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Tag: Cryptocurrencies

Spot Bitcoin ETFs Record $643 Million Outflow After Record Binance Hack as Exchange Sees $3.64 Billion Withdrawals

U.S. spot Bitcoin ETFs recorded $643.3 million in net outflows on Friday, the largest single-day total since June. Binance processed a net outflow of $3.64 billion in the first 9.5 hours after reopening withdrawals on Sunday. The FBI attributed the $6.3 billion theft to North Korea’s TraderTraitor group. Bitcoin recovered to around $78,600 early Monday amid stabilizing markets. U.S. spot Bitcoin exchange-traded funds recorded their largest...

Bitcoin, Cryptocurrencies, ETF, Hacks, News

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Binance Replenishes 90% of Assets After Record $6.3 Billion Hack Attributed to North Korea

Binance suffered a $6.3 billion hot wallet compromise on October 29, marking the largest cryptocurrency theft on record. The FBI attributed the attack to North Korea’s TraderTraitor group, part of the Lazarus Group. The exchange has replenished 90% of the stolen assets with company funds and targets withdrawal resumption on November 1. Partners including Tether and Circle froze roughly $3 billion in stolen stablecoins and other assets. ...

Cryptocurrencies, Hacks, News

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The $6.3 Billion Binance Hack: Keys Held, Signing System Failed, Freeze Button Saved Nearly Half

On the evening of October 29, 2026, around 20:05 UTC, Binance’s own signing systems authorized transfers of approximately $6.3 billion from its hot wallets across ten blockchains. Most of the funds left in about 20 minutes. That is four times the previous record set by Bybit in February 2025 and, according to Elliptic, almost certainly the largest theft of any kind on record. Binance halted withdrawals, said user funds are safe, and set...

Binance, Cryptocurrencies, Hacks, Main

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Binance Allocates $6.34 Billion to Cover Record $6.3 Billion Hack Attributed to North Korea

Binance estimates $6.3 billion was stolen in the largest crypto hack on record. The exchange has reserved $6.34 billion in company funds to cover all user losses. Industry partners including Tether and Circle have frozen roughly $3 billion in stolen assets. Blockchain analytics firms attribute the attack to North Korea’s TraderTraitor group. Binance, the world’s largest cryptocurrency exchange, has set aside more than $6.34 billion in...

Cryptocurrencies, Hacks, News

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Binance Estimates $6.3 Billion Impact from Oct. 29 Security Incident, Pledges Full Coverage

Binance estimates $6.3 billion total impact from a security incident on October 29 Approximately $3 billion frozen on-chain; deposits and withdrawals temporarily suspended Exchange will cover all losses from its SAFU fund and company funds; user funds remain safe Bitcoin fell below $77,000 and BNB dropped more than 7% amid the news Blockchain analytics firms attribute the incident to North Korea’s TraderTraitor group with high confidence ...

Cryptocurrencies, Hacks, News

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