Binance hack steals 18,270 BTC, topping Tesla’s bitcoin stash
On October 29 2026 hackers moved 18,270 bitcoin (about $1.4 billion at $78,500 per coin) from Binance’s hot wallet. The haul exceeds Tesla’s 11,509 BTC and is roughly 2.3 times El Salvador’s reserve. Analysts attribute the breach to the North‑Korean group TraderTraitor, and Binance has frozen roughly $3 billion of the total $6.3 billion loss and pledged to cover about 95 % of the stolen assets.
Why it matters
Binance’s plan to cover 95 % of the loss, as stated in material 5, should limit direct customer losses but the scale of the theft could pressure Bitcoin’s price and raise security concerns for exchanges. The comparison highlights that the stolen amount dwarfs Tesla’s corporate bitcoin holdings, underscoring the magnitude of the breach.
Key facts
- 1Hackers transferred 18,270 BTC from Binance on October 29 2026. tech-insider.org
- 2At a price of $78,500 per BTC the stolen coins are worth about $1.4 billion. tech-insider.org
- 3The theft is part of a broader incident valued at roughly $6.3 billion across multiple tokens. tech-insider.org
- 4Approximately $3 billion of the stolen assets have been frozen on‑chain. tech-insider.org
- 5Binance intends to cover about 95 % of the losses with its own funds. en.sedaily.com
- 6Blockchain analytics firm TRM Labs links the attack to the North‑Korean group TraderTraitor. tech-insider.org
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.