Binance pledged to cover all losses after a $6.3 billion hack, with about $3 billion in assets frozen by the exchange and its partners.
This article contains our initial reporting on the Binance hack. Follow Cointelegraph’s live coverage for the latest developments.
Update (Oct. 30, 2026 at 12:00 UTC): The headline and article have been updated with Binance’s confirmation of the record $6.3 billion hack, its pledge to cover all losses and the freezing of about $3 billion in affected assets.
Binance confirmed Friday that it had suffered a hack affecting about $6.3 billion in assets, the largest cryptocurrency theft on record.
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