Crypto
Binance reports a $6.3 billion hack and pledges to cover losses
Hackers reportedly took about $6.3 billion from Binance hot wallets on October 29 after compromising an engineer's laptop, with analysts pointing to North Korean groups.
Hackers reportedly took about $6.3 billion from Binance hot wallets on October 29 after compromising an engineer's laptop, with analysts pointing to North Korean groups. About $3 billion was frozen with partners' help, withdrawals were paused for up to 48 hours, and Binance says its SAFU fund will cover user losses.
The story dates from and ran in The Pit Report for Oct 30, 2026. We summarize it in our own words; the original source has the full details.
Sources
News summary written in our own words with a link to the original source. Not financial advice. Not affiliated with Robinhood. Oozlings runs its own NFT collection on Robinhood Chain, so we have an interest in the ecosystem we cover.