Updated summary (November 2, 2026) for a Binance post:
On October 29, Binance suffered the biggest hack in crypto history: approximately $6.3 billion was stolen from its hot wallets. The FBI attributed the attack to the North Korean group TraderTraitor (linked to Lazarus). The incident originated with the compromise of a DevOps engineer's laptop; no private keys were leaked.
Current situation:
Binance will cover 100% of the losses using SAFU funds and corporate treasury. It has already repurchased and covered approximately 95% of the stolen assets. The remaining 5% consists of less liquid tokens. Around $3 billion was frozen with the help of partners (Tether, Circle, etc.). Withdrawals reopened gradually starting November 1. There were net outflows of ~$3.6–4.9 billion (approximately 2–3% of total assets), but they are already stabilizing.
Market:
BTC is holding near $78,000. ETH is around $2,280–$2,300. The market is consolidating after the initial drop.$BTC $BNB $ETH $
On October 29, Binance suffered the biggest hack in crypto history: approximately $6.3 billion was stolen from its hot wallets. The FBI attributed the attack to the North Korean group TraderTraitor (linked to Lazarus). The incident originated with the compromise of a DevOps engineer's laptop; no private keys were leaked.
Current situation:
Binance will cover 100% of the losses using SAFU funds and corporate treasury. It has already repurchased and covered approximately 95% of the stolen assets. The remaining 5% consists of less liquid tokens. Around $3 billion was frozen with the help of partners (Tether, Circle, etc.). Withdrawals reopened gradually starting November 1. There were net outflows of ~$3.6–4.9 billion (approximately 2–3% of total assets), but they are already stabilizing.
Market:
BTC is holding near $78,000. ETH is around $2,280–$2,300. The market is consolidating after the initial drop.$BTC $BNB $ETH $