Wu Blockchain · 2026-10-31 06:00 UTC

Binance Co-Founder He Yi Explains the $6.3 Billion Hack On October 30, 2026, Binance co-founder He Yi @heyibinance said Binance had suffered a cyberattack affecting approximately $6.3 billion in assets, of which around $3 billion had been frozen with assistance from industry participants. Binance is rebuilding its security environment and reviewing its wallets, with withdrawals expected to resume within the next 42 hours. The company will use its own funds to cover the stolen assets, with only a small portion requiring purchases on the market. She described the incident as a complex, multi-vector attack and said Binance would release a technical security audit report and work with law enforcement agencies worldwide to track down the hackers and trace the funds.

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