Binance hit by $6.3bn crypto theft in biggest digital-asset hack on record

Binance, the world's largest cryptocurrency exchange, suffered a cyberattack in which roughly $6.3 billion in digital assets were stolen — the largest hack in the history of crypto markets, dwarfing the theft from rival exchange Bybit the previous year by a factor of four.

The platform disclosed the breach late Thursday. Investigators believe the attackers were probably linked to North Korea, though no attribution has been confirmed.

Binance moved quickly to reassure customers, pledging to cover all losses from its own resources. The commitment calmed immediate market nerves, but analysts in the sector warned that the incident exposes a systemic vulnerability: even the industry's largest and best-resourced platforms cannot be treated as safe.

The scale of the theft — four times larger than the Bybit attack the previous year — sets a new benchmark for crypto-exchange breaches and is expected to intensify calls for tighter regulation and security standards across the industry.