Binance crypto heist. (AI Generated Image)
\n\nA carefully planned cyberattack, a compromised employee laptop and a hijacked transaction-signing system reportedly enabled hackers to drain approximately $6.36 billion from Binance wallets across 10 blockchains. The bulk of the theft took place in just 20 minutes, investigators say preparations had begun at least 36 hours earlier.
\n\nIn what is being described as the largest cryptocurrency theft in history, hackers stole around $6.36 billion worth of digital assets from Binance, the world's largest cryptocurrency exchange, on October 29, 2026. The attack targeted wallets used by the exchange to process transactions and involved the unauthorised movement of cryptocurrencies across multiple blockchain networks.
\n\nBinance has said that customer losses will be covered through its reserves and company resources, the attack has drawn attention to vulnerabilities in the systems exchanges use to authorise and process transactions.
\n\nInvestigators have also pointed towards possible links with North Korean cybercriminal groups, although the identity of the attackers has not been officially established.
\n\nAccording to blockchain intelligence firm TRM Labs, most of the money was transferred within approximately 20 minutes, beginning shortly after 8 pm UTC on Thursday. The incident has raised serious questions about the security of cryptocurrency exchanges…
Original source: https://www.timesnownews.com/business-economy
