Binance hacked for an estimated $6.3 billion in record crypto theft

The company promised to cover all losses but has suspended withdrawals.

By Steve Dent Oct. 30, 2026 4:24 am EST Casimiro PT/Shutterstock Add Engadget on Google: Google Discover

Cryptocurrency exchange Binance has reportedly been hit with a cyber attack that resulted in an estimated $6.3 billion loss, The New York Times reported. The company promised to cover all losses but has suspended withdrawals. The value of the theft would be a record if accurate, easily eclipsing a $1.5 billion hack of the Bybit exchange last year.