WATCH: What we know about Binance security breach

As of October 30, 2026, Binance reported that hackers may have stolen up to $6.3 billion in digital assets from its platform, making it potentially the largest cyber theft in history. The hack has led to the freezing of over $2.54 billion by Binance itself and additional funds worth more than $1.567 billion by Tether and Circle, in response to potential security issues. Initially unsure if a breach had occurred, Binance confirmed it was investigating large transfers on its platform, which prompted action from other digital currency issuers like Tether and Circle. The incident has raised concerns about the safety of user funds on cryptocurrency exchanges, with some experts suggesting North Korean hackers might be involved due to similarities in attack patterns seen previously.