Binance has disclosed details of a major security incident on October 29, 2026, in which approximately $6.34 billion in digital assets were impacted. The cryptocurrency exchange said attackers gained unauthorised access to its internal wallet signing infrastructure and used it to transfer assets outside the normal withdrawal process.
\n\nIn its initial incident report released on November 3, Binance said around $2.85 billion in digital assets had been frozen or intercepted.
\n\nThe exchange also said it would absorb the financial impact of the stolen funds and had set aside more than 100% of the amount required to cover the loss.
\n\nThe investigation points to a sophisticated, multi-stage cyberattack involving fake recruitment interviews, malicious software, compromised employee devices and an internal AI tool.
\n\nHere is how the attack unfolded, how Binance contained it and what cryptocurrency users should know.
\n\nWhat happened in the Binance security breach?
\n\nAttackers exploited unauthorised access to an internal wallet signing service to initiate cryptocurrency transfers without following Binance's normal withdrawal process.
\n\nAccording to the exchange, the transfers involved multiple cryptocurrencies:
\n\nThe final unauthorised ETH transfer was completed at 23:56 UTC on October 29. Binance said no further unauthorised transfers were observed after it cleared the malicious authorisation…
Original source: https://www.cnbctv18.com/technology/
