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Binance freezes $3B after $6.3B hack, covers losses

By Drooid · Oct 30, 2026 · How we work

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Summary

Binance suffered an industry-record $6.3 bn hack.
Analysts said North Korean state-backed hackers carried out the attack.
Co-founder Yi He announced Binance will cover all hacking losses.
Binance has frozen roughly $3 bn of the stolen assets so far.
The Guardian urged affected users to submit encrypted experiences, viewable only by its staff.

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Binance suffered an industry-record $6.3 bn hack.
Analysts said North Korean state-backed hackers carried out the attack.
Co-founder Yi He announced Binance will cover all hacking losses.
Binance has frozen roughly $3 bn of the stolen assets so far.
The Guardian urged affected users to submit encrypted experiences, viewable only by its staff.