The crypto industry has been shaken by one of the largest exchange security breaches in history.
Here's what happened on October 29, 2026:
🔴 Estimated Impact: Approximately $6.3 billion in crypto assets affected.
🔴 Assets Frozen: Around $3 billion reportedly frozen through blockchain partners.
🔴 Possible Entry Point: Binance's preliminary investigation points to a compromised DevOps engineer's laptop, potentially allowing unauthorized withdrawal transactions.
🔴 Binance's Response: The exchange says customer funds are safe and all losses will be covered through its SAFU fund and company funds.
🔴 Investigation: Blockchain intelligence firm TRM Labs attributes the attack to North Korea-linked hacking group TraderTraitor.