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Binance confirms record $6.3B hack; about $3B frozen, investigation ongoing

Binance says a security breach affected about $6.3 billion, and about $3 billion has been frozen. Open the official app yourself to check your account, and ignore any message that claims to be Binance support.

October 30, 2026 · 2 min read

Affected: Binance, Bitget, Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB Chain (BNB), Arbitrum (ARB), USD Coin (USDC), Ethena, Ethena USDe (USDe), Ethena (ENA)

What happened

Binance confirmed a major security breach that it estimates affected about $6.3 billion, which would make it the largest crypto theft on record. CEO Richard Teng said the attack was not a single "one-click" action and that investigators have found additional points of breach. Binance says about $3 billion has been frozen. Blockchain analytics firms have linked the attack to North Korea, but this is an outside assessment, and one report says funds tied to Bitget may share an address with the stolen funds. How the attackers got in is not confirmed. One firm says it appears to involve internal signing authority.

Who is affected

Binance customers are the most directly concerned, and Bitget users may also be, though the Bitget link is unconfirmed. The sources do not clearly say whether customer balances were lost or how users will be compensated. Binance has said it plans to reopen after the incident, but the sources do not give clear details for users.

What to do now

  • Open the Binance or Bitget app yourself, or type the address in manually, and check your balances and recent activity for anything you don't recognize.
  • Read only the company's official announcements for updates on withdrawals, reopening and any compensation.
  • Change your exchange password and make sure it is not reused anywhere else.
  • Turn on passkeys or an authenticator app, and avoid SMS codes where possible.
  • Expect phishing pretending to be Binance or Bitget, such as fake refund, compensation or recovery offers. Do not click links or share codes, seed phrases or passwords.
  • If you spot unauthorized activity, contact the exchange through its official app and secure your email account too.

Our alerts never ask you to click a link, log in, "verify" a wallet or move funds. Expect scammers to copy this news: if a message about it asks for any of that, it's a scam.

Sources

Written by AI Security Watch from the sources above and published automatically. Education only, not financial advice.