
Binance hit by what looks like the biggest crypto theft ever, with about $6 billion taken from a hot wallet
The world's largest cryptocurrency exchange, Binance, said on Thursday that a security incident affected about $6.3 billion of assets, and that nearly $3 billion has already been frozen on the blockchain. Its early investigation points to a hacked laptop belonging to a DevOps engineer, which let the attacker reach a service container and push through unauthorised withdrawals from a 'hot' wallet; Binance says there is no sign its wallet private keys leaked. Stablecoin firms including Tether and Circle have frozen billions in linked funds, and blockchain analysts TRM Labs say with high confidence that North Korea's TraderTraitor hackers, also blamed for the $1.5 billion Bybit theft in 2025, are behind it. Binance says it will cover all losses from its user protection fund and its own money, and expects withdrawals to restart within 48 hours.
Why it matters: Chainalysis puts the amount stolen at roughly $5.9 billion, nearly four times the previous record. It shows how one compromised staff laptop can open the door to systems that move money. Binance customers should expect scammers to exploit the news: only trust updates from Binance's official channels, and ignore messages offering 'refunds' or asking for login details or recovery phrases.







