Politics
Binance probes possible $5.7 billion crypto hack, possibly the biggest in history
Axios·October 29, 2026·1 min read
Binance is investigating what could be the biggest crypto hack in history, with users seeing upwards of $5.7 billion in funds drained from wallets Thursday afternoon. Analysts estimate $1.7 billion to $5.7 billion was taken. Binance limited withdrawals, and Tether and Circle froze over $1 billion in cryptocurrencies. Co-founder Changpeng Zhao said user funds are safe, but the company is still investigating.
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