Binance security breach has $6.3 billion impact in potential record crypto heist
Summary
Binance said a security breach had an estimated $6.3 billion impact, potentially making it the largest cryptocurrency heist on record. The exchange said it had recovered or frozen about $3 billion and temporarily suspended deposits and withdrawals while it investigated.Key Facts
- Binance said its initial investigation suggested a hacked laptop belonging to an engineer may have enabled unauthorized withdrawals.
- The company gave no update on the remaining $3.3 billion and said it would cover all hacking losses.
- Binance said user funds remained safe and that it was working with law enforcement and industry partners.
- Bitcoin fell more than 3% to $76,368, while ether dropped more than 3% to $2,178 during early Asian trading.
- BNB fell 5% over 24 hours to $709.70, according to CoinGecko.
- Coinbase shares fell 4.8% and Strategy shares dropped nearly 6% in extended U.S. trading.
- Binance reported 335 million registered users and about $162.8 billion in assets under custody in its 2025 annual report.
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