Back to all news
Politics

Binance probes possible $5.7 billion crypto hack, possibly the biggest in history

Axios·October 29, 2026·1 min read
Binance probes possible $5.7 billion crypto hack, possibly the biggest in history

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.

Read at Axios
Daily crypto arcade

Read the news, then play it.

Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.

Open ChainshortsGet it on the Solana dApp Store