TECHSTARTUPS · 2026-10-29 22:59 UTC

Binance hacked: Over $5.6 billion in crypto reportedly stolen in what could be the largest-ever exchange heist

Binance is investigating a suspected hack involving over $5.6 billion in cryptocurrency, potentially the largest exchange heist ever. Founder Changpeng Zhao confirmed the hack occurred and stated user funds are safe, with Tether and Circle freezing approximately $1.7 billion in suspicious assets. Blockchain analysts estimate losses between $1.7 billion and $5.5 billion, though the exact amount stolen remains unconfirmed as investigators continue their work.

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