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Binance freezes assets after $6.3 billion heist, crypto industry's biggest

Global Published 30 October 2026, 11:03 · archived 30 Oct 2026

SINGAPORE/HONG KONG: Hackers stole $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in what analysts say is the biggest crypto hack ever, an attack that could prompt investors to rethink the risks of ​owning digital assets. The hackers behind the raid were from North Korea, according to US blockchain analysis firms TRM Labs and Chainalysis. The attackers targeted Binance wallets on 10 blockchains and shifted most ‌of the funds in about 20 minutes, TRM Labs said in a statement. Binance said it worked with partners to freeze the affected assets with about $3 billion locate...

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