An October 2026 security compromise on Binance allowed an unauthorized signer to generate valid signatures and withdraw assets by proxy from a Binance wallet

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Binance Co-CEO Yi He said Binance funded stolen token replacements using its corporate treasury, Futures Insurance Fund, and 50% of its Secure Asset Fund for Users (SAFU), committing to replenish SAFU to $1 billion

Binance co-CEO Richard Teng stated that the $6.3 billion October 2026 security breach involved a compromised software engineer's laptop and malicious software engineered to erase activity logs

Binance halted cryptocurrency withdrawals following an October 29-30, 2026 security breach that drained $6.3 billion from its hot wallets, marking the largest crypto heist on record

Binance initiated phase one of withdrawal resumptions following its $6.3 billion hack at 06:00 UTC on November 1, 2026, restoring access for 15 cryptocurrency networks including Bitcoin, Ether, XRP, and Dogecoin based on user demand data

Binance collaborated with industry partners to freeze approximately $3 billion of the $6.3 billion in assets stolen during its October 2026 hack across partner platforms as of October 30, 2026

The FBI and blockchain analytics firms TRM Labs, Chainalysis, and Elliptic linked the $6.3 billion Binance cyberattack that occurred in late October 2026 to the North Korean state-sponsored hacking unit TraderTraitor

Binance set aside over $6.3 billion in internal funds to purchase replacement tokens for assets stolen in its hack through market and over-the-counter channels, covering 95% of customer losses by November 1, 2026

Binance stated that the remaining 5% of unbacked assets stolen in its $6.3 billion hack consist of less liquid tokens that require additional time to source in required volumes

The FBI reported that TraderTraitor attackers were observed converting stolen Binance assets into Ether, warning of expected further laundering of those assets

U.S. President Donald Trump stated on October 31, 2026 that the United States government remained uncertain whether North Korea was responsible for the $6.3 billion Binance cyber heist

Binance co-CEO Richard Teng stated on October 30, 2026 that the exchange could cover security breach losses due to its ongoing investment of revenue into cryptocurrencies

Dragonfly managing partner Haseeb Qureshi described the rapid industry response and asset freezing following the $6.3 billion October 2026 Binance attack as a sign of cryptocurrency market maturity

TRM Labs and Chainalysis reported that the bulk of the $6.3 billion Binance cyberattack unfolded in approximately 20 minutes late on October 29, 2026

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Israel extradited Israeli-Russian citizen Alexander Block to the United States to face federal charges related to an alleged $2.8 million crypto theft from Nomad

Israeli police arrested Alexander Block at Ben Gurion Airport in May 2025 as he prepared to board a flight to Russia, shortly after he changed his surname from Gurevich and obtained a new passport

Alexander Block allegedly moved tokens worth more than $2.8 million stolen from Nomad through multiple crypto wallets and converted them into other cryptocurrencies to conceal their origin

Hackers drained approximately $6.36 billion from the Binance crypto exchange across 10 blockchains on October 29, 2026

Prosecutors allege that Alexander Block's initial August 2022 exploit exposed Nomad's software flaw to other users, leading to a wider drain of Nomad's funds that emptied over $186 million from a Nomad-controlled wallet

In December 2025, the Federal Trade Commission proposed a settlement requiring Illusory Systems, Nomad's operator, to return recovered funds to unreimbursed users following the $186 million Nomad breach in August 2022

Operating under the username Bitlik around August 1, 2022, Alexander Block allegedly made six test transfers before completing four main transfers to steal over $2.8 million in crypto tokens from Nomad