Binance Suffers $6.3 Billion Hack, Pledges to Cover All User Losses

Binance, described as the world’s largest cryptocurrency exchange by users and trading volume, said on October 30, 2026 that it had been hacked, with an estimated total impact of about $6.3 billion. Its initial investigation suggested a compromised DevOps engineer’s laptop may have allowed unauthorized withdrawal transactions through a service container, though Binance found no evidence of a wallet private-key leak. Binance said it would cover all losses from its SAFU fund and company funds, reported about $3 billion frozen on-chain with partners, and temporarily suspended deposits and withdrawals while revoking the affected address authorization and engaging law enforcement. Bitcoin fell from above $81,000 to around $76,400 as the news unfolded, with about $1.5 billion in derivatives liquidations.