In the crypto world, exchange wallets getting hacked seems to be a pretty common occurrence. From 2024 up to now:
May 2024 DMM Bitcoin $300M
July 2024 Wazirx $200M
February 2025 Bybit $1.4-1.5B
Throughout 2025 Upbit was hacked many times
September 2026 Bitget $380M
And now, Binance, the world's number one exchange, has been hacked, with nearly $5.8B in assets affected. Several billion have been frozen, and the assets that ultimately cannot be recovered may amount to around $2B. In terms of the amount alone, this is absolutely the biggest hack in history!
In reality, for Binance, which makes $20B in annual profits, compensating for this amount is no big deal and easily manageable. We believe Binance will handle all the compensation properly.
But the emotional impact will certainly linger. Whenever an incident like this happens, the market keeps falling. For us, it may be a good opportunity to buy the dip, especially in quality assets like $BNB and $HYPE !
May 2024 DMM Bitcoin $300M
July 2024 Wazirx $200M
February 2025 Bybit $1.4-1.5B
Throughout 2025 Upbit was hacked many times
September 2026 Bitget $380M
And now, Binance, the world's number one exchange, has been hacked, with nearly $5.8B in assets affected. Several billion have been frozen, and the assets that ultimately cannot be recovered may amount to around $2B. In terms of the amount alone, this is absolutely the biggest hack in history!
In reality, for Binance, which makes $20B in annual profits, compensating for this amount is no big deal and easily manageable. We believe Binance will handle all the compensation properly.
But the emotional impact will certainly linger. Whenever an incident like this happens, the market keeps falling. For us, it may be a good opportunity to buy the dip, especially in quality assets like $BNB and $HYPE !
