Crypto giant Binance hit by hack suspected to be largest in history
Binance has reported a $6.3 billion cryptocurrency hack, which is being described as the largest in history. Security firms have linked the attack to the North Korean-affiliated Lazarus Group, noting similarities to previous high-profile exchange breaches.
Why it matters
This incident represents a significant escalation in cybercrime targeting digital asset exchanges, raising major concerns about the security of global crypto infrastructure.
Image source, Reuters By Osmond Chia , Business reporter and Angus Thompson Published 30 October 2026, 00:37 GMT Updated 3 hours ago Cryptocurrency giant Binance said on Thursday that $6.3bn (£4.7bn) of digital assets have been impacted by what is thought to be the biggest crypto hack on record.
The world's biggest crypto exchange said about half of those assets had been frozen but that many remained in the hands of the hackers, adding that it will "cover all losses".
The company said while initial checks suggested an engineer's laptop had been compromised, allowing an attacker to make unauthorised withdrawals, "our subsequent investigation has uncovered additional points of breach".
Two analytics firms have attributed the incident, which eclipses a record-setting $1.5bn hack on the Bybit exchange in 2025, to a North Korean hacking unit called TraderTraitor.
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