News
Insights into the biggest events shaping the crypto industry.
Binance Hack: Everything You Need to Know About the Biggest Crypto Heist in History
Crypto just suffered the largest hack in its history. On Thursday, attackers drained roughly $6.4 billion from Binance, the world’s largest cryptocurrency exchange, in a breach that dwarfs every theft before it and has triggered a cross-border law-enforcement investigation, a scramble by stablecoin issuers to freeze funds, and a tense wait for millions of users. Here’s what’s known about the Binance hack so far. What happened The theft began at about 4:05 p.m. ET on Thursday, after U.S. markets...
Oct 30, 2026
Law and Order
Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
Binance is working with the FBI and U.S. Secret Service after hackers stole $6.4 billion from the cryptocurrency exchange, as Circle joins the recovery effort by freezing more than $800 million in assets connected to the attack, according to Reuters. A person familiar with the matter told Reuters that Binance was cooperating with law enforcement agencies around the world, including both U.S. agencies. The FBI confirmed it was aware of the incident and was working with public and private partners...
Oct 30, 2026
Business
Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
Binance will cover every dollar lost in this week's hack with its own money, CEO Richard Teng said in a video address on Friday, adding that customer funds were never touched. "We are committed to covering all hacked losses through our company funds. Your assets are safe," Teng said, according to a transcript he tweeted. An update on the security incident. pic.twitter.com/qn2804fO5z — Richard Teng (@_RichardTeng) October 30, 2026 Binance has reserved more than $6.34 billion of company funds to...
Oct 30, 2026
Business
Elon Musk, CZ Trade Blows Over SpaceX Shares After $6.4B Binance Hack
Binance co-founder Changpeng Zhao, better known as CZ, called out Elon Musk on Friday after the billionaire appeared to mock the exchange following a $6.4 billion hack—the largest in history—reminding him that Binance holds SpaceX shares worth more than $1 billion. "Elon, have a lot of respect for you, but bad time to troll. Please stop," CZ wrote on X. "Our SPCX shares (from our $500m investment in your Twitter takeover) are worth more than a billion. Would appreciate if you show a little suppo...
Oct 30, 2026
Law and Order
Israel Extradites Alleged Nomad Bridge Exploiter to US Over $2.8M Theft: Report
Israel has extradited an Israeli-Russian citizen to the United States to face charges over the alleged theft of about $2.8 million from crypto bridge Nomad, Israel's State Attorney's Office announced on Thursday, according to a report in The Jerusalem Post. Alexander Block, formerly known as Alexander Gurevich, was transferred to U.S. authorities early Thursday after unsuccessful appeals in Israel. He was arrested at Ben Gurion Airport in May 2025 while preparing to fly to Russia, shortly after...
Oct 30, 2026
Opinion
Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action. GM! Today’s top news: Crypto majors rebound fall 1-2% alongside stocks; BTC at $77.5k Binance hacked for $6.4B by NK, roughly half frozen; Binance to cover losses out of SAFU fund AAVE forced to freeze v3 and v4 markets on Ethereum after attac...