Updated 8m ago · Business
Binance Says $6.3 Billion Stolen in Record Crypto Hack
Binance is investigating a potential security issue after large transfers drained its exchange wallets Thursday. Tether and Circle froze stablecoins linked to the outflows.
- 1.567 billion USDT frozen by Tether, CEO Paolo Ardoino said.
- 800 million-plus USDC frozen by Circle in coordination with law enforcement.
- $5 billion-plus in outflows estimated by some trackers; none confirmed by Binance.
- Binance suspended withdrawals on multiple networks as a precaution.
Why it matters: If losses reach the billions, this would surpass the roughly $1.5 billion Bybit theft of 2025. That theft was blamed on North Korean hackers.
- Exchange deposits lack government insurance; refunds depend on the exchange.
- BNB fell about 7%, and bitcoin dropped below $80,000.
How 34 sources split on this story
Source landscape
Factuality
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Strong LeftLeftLean LeftCenterLean RightRightStrong Right
Political Bias
Coverage by lean
34 sources · 40 articles · 50% Center coverage
Where they split: Outlets differ on how much was taken, with estimates ranging from about $1.7 billion to $5.8 billion.
Center coverage, 17 sources: The center focuses on the stablecoin freezes while noting Binance has not confirmed an exploit.
CNBC5hBillions in crypto frozen in Binance hack. Here's what happens nextForbes1hBinance Says $6.3 Billion Impacted In Record Crypto Hack—Suspends WithdrawalsSky News4hCrypto industry suffers 'largest bank heist in human history' as billions stolen from BINANCE...Associated Press7hBinance reports ‘potential security issue’ as stablecoin issuers freeze millions in fundsAxios7hBinance probes possible $5.7 billion crypto hack, possibly the biggest in historyBBC News6hCrypto giant Binance freezes $2.5bn of assets over suspected hackBloomberg1hBitcoin Stolen in Binance Hack Is Likely ‘Gone,’ Ballet SaysCTV News5hBinance’s possible hack triggers US$3 billion freeze in crypto assetsDeutsche Welle6hCrypto companies freeze $2.5 billion on Binance platform amid fears of major hackFinancial Times7hBinance founder says exchange targeted in apparent hackFortune58mThe $6.3 billion Binance hack: What we know so far about the biggest crypto heist in history | FortuneFrance 243hBinance security breach has $6.3 billion impact in potential record crypto heistJerusalem Post3h'Biggest hack in history': Crypto exchange Binance freezes assets after $6.3 b. security breachKXAN Austin7hCryptocurrency exchange Binance says it's investigating reports of a potential security incidentNews4Jax7hBinance reports 'potential security issue' as stablecoin issuers freeze millions in fundsThe Hill4hPotential Binance ‘hack’ forces crypto firms to freeze $3 billionYahoo News4hCrypto exchange Binance freezes assets after $6.3 billion security breach
Left coverage, 8 sources: The left frames it as a possibly record-breaking hack and notes that exchange deposits lack insurance.
Gizmodo9hBinance Investigating Possibly Massive HackTechCrunch8hBinance pauses withdrawals as hackers suspected of stealing billions in crypto | TechCrunchThe Independent4hBitcoin market in chaos amid fears Binance crypto exchange has been hit by biggest hack in historyAl Jazeera6hBinance says $2.54bn in crypto funds frozen amid ‘potential security issue’Business Insider4hBinance and Polymarket are grappling with separate hacksCNN3hWorld’s largest crypto exchange hit by world’s largest heistNBC News8hFears of Binance hack prompt Tether, Circle to freeze over $1.5 billion in fundsThe Guardian7hWorld’s largest crypto exchange investigating reports of potential hack
Right coverage, 9 sources: The right questions Binance's reassurances, noting it edited its statement twice and has confirmed no loss figures.
ZeroHedge7hBinance Investigates Possible Hack After Billions Transferred Out; Tether And Circle Freeze StablecoinsThe Epoch Times1dBinance Says $3 Billion in Funds Were Frozen After Security IncidentCitizen Free Press8h$2.5 billion frozen at BinanceDaily Mail2hWorld's biggest ever crypto heist results in hackers making off with at least $6.3billion, exchange boss saysJust the News1dCrypto giant Binance reports $6.3 billion potential ‘security incident’New York Post7hBinance founder says crypto exchange may have been hacked — leading to firms freezing over $2BNewsmax6hBinance Probes Hack; $2.5 Billion in Crypto FrozenNTD6hBinance Flags 'Potential Security Issue,' Says Crypto Firms Froze More Than $2.5 BillionThe Washington Times7hBinance reports 'potential security issue' as stablecoin issuers freeze millions in funds
What’s next: Binance said it will post updates once it has verified information.
- Circle said it will keep supporting the law enforcement investigation.
- How much did Binance actually lose, and is the theft still ongoing?
- Who carried out the attack, and how did they gain access?
- Will Binance cover all user losses, as founder Changpeng Zhao said he expects?
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