# Binance Crypto Heist

> Hackers steal $6.3 billion from Binance in sector's biggest crypto heist.
- Title: Binance Crypto Heist · MercoPress | Shortify
- Summary: Hackers steal $6.3 billion from Binance in sector's biggest crypto heist. Hackers stole $6.3 billion in cryptocurrency from Binance, the world's largest…
- Keywords: binance, crypto, theft, north korea, eip-7702, self-destruct mechanism, MercoPress
- Source: MercoPress — https://en.mercopress.com/2026/10/30/hackers-steal-us-6.3-billion-in-crypto-from-binance-in-the-sector-s-biggest-ever-heist
- Read time: 1 min
- Topics: binance, crypto, theft, north korea, eip-7702, self-destruct mechanism, news, world, politics
## Binance Heist
Hackers stole $6.3 billion in cryptocurrency from Binance, the world's largest digital asset exchange, in the biggest theft in the sector's history.

> Hackers stole about US$6.3 billion in cryptocurrency from Binance, the world's largest digital asset exchange, in the biggest theft in the sector's history
## Attack Speed
The theft occurred in about 20 minutes from 20:05 GMT on Thursday, with attackers using pre-prepared signatures to authorise transfers.

> Most of the theft took place in about 20 minutes from 20:05 GMT on Thursday
## North Korea Link
Blockchain analytics firms point to a North Korea-linked group called TraderTraitor, also known as Lazarus.

> Blockchain analytics firms point to a hacking group linked to North Korea
## Binance Response
Binance says customer losses will be covered by a $1 billion bitcoin reserve and its own resources, with withdrawals suspended until about 40 hours later.

> Binance co-chief executive Richard Teng said the attack was not carried out by one person
## Funds Recovery
The US Secret Service is working around the clock with the private sector to identify, freeze, trace, and recover the stolen funds.

> The Secret Service, the federal agency responsible for financial crimes, said it was working around the clock with the private sector to identify, freeze, trace, and recover the funds
## Key takeaway

Hackers stole $6.3 billion in cryptocurrency from Binance, the world's largest digital asset exchange, in the biggest theft in the sector's history.