Binance, the world's largest cryptocurrency exchange, was hacked yesterday, October 29, 2026. Hackers stole approximately $6.3 billion in cryptocurrency, making it the largest reported crypto theft in history.
What happened to Binance?
$6.3 billion stolen: Hackers accessed Binance's online crypto wallets.
North Korean hackers suspected: Blockchain investigators have linked the attack to a North Korean hacking group.
Withdrawals suspended: Binance temporarily stopped withdrawals while investigating.
About $3 billion frozen: Binance and its partners have frozen some of the stolen cryptocurrency.
Customer funds: Binance says it will cover the losses using company funds and its emergency reserve.
TRM Labs+1
Is Binance going bankrupt?
There is no confirmed bankruptcy announcement. Binance says it has set aside more than $6.34 billion to cover the incident and is working to restore withdrawals. However, the investigation is ongoing.
What if you have money in Binance?
Binance says customer balances are protected, but withdrawals may remain temporarily restricted. Avoid clicking unofficial recovery links or giving anyone your account credentials.
One question: Are you worried about money you have on Binance, or are you asking whether this hack will cause Bitcoin, XRP, and other cryptocurrencies to crash?
If you have Bitcoin, XRP, Ethereum, or USDT on Binance:
- Check whether your account balance is showing correctly.
- Check whether withdrawals are currently available.
- Do not send crypto to anyone claiming they can recover or protect your funds.
- Make sure two-factor authentication (2FA) is enabled.
2. Latest update on your funds
As of October 31, Binance has announced:
- $6.34 billion set aside to cover losses.
- Withdrawals remain temporarily suspended, with a phased restart targeted around November 1, subject to security checks.
- Customer losses will be covered, according to Binance.
This is a company commitment, not an independent guarantee.
Binance Support+1













Thursday, Nov 12
6:00 PM Planetarium Show
Planetarium Quad 