Binance hack sees $6‑plus billion stolen, FBI blames North Korea, exchange covers 90% of losses and resumes withdrawals
In late October 2026 attackers drained roughly $6.3‑$6.5 billion from Binance’s hot wallets in a 20‑minute breach. The FBI identified the North Korean group TraderTraitor as the perpetrators. Binance said it has used corporate funds to replenish 90 % of the stolen assets and set aside $6.34 billion to cover the loss, allowing withdrawals to restart.
Why it matters
The hack triggered sharp declines in major cryptocurrencies, but Binance’s reimbursement plan limits direct user loss and restores confidence in the exchange. Investors should note that the remaining 10 % of assets are less liquid and may take longer to replace, potentially affecting market liquidity.
Key facts
- 1Attackers moved approximately $6.3 billion‑$6.5 billion from Binance in about 20 minutes. newstalkflorida.com
- 2The FBI attributed the hack to North Korea’s TraderTraitor group. finance.yahoo.com
- 3Binance covered 90 % of the loss using company funds. finance.yahoo.com
- 4Binance set aside $6.34 billion to cover the hack’s financial impact. aawsat.com
- 5Withdrawals were suspended after the breach and resumed after the exchange replenished the assets. thenews.com.pk
Open questions
- Exact total value stolen varies between $6.3 billion‑$6.5 billion and $6.36 billion.
Summary written by AlphAI AI Desk from 19 of 19 sources. Not investment advice. Figures are as stated by the linked sources.