Binance’s hot wallets sent $6.3B to an attacker in under four hours. $2.7B is frozen. Most of the rest sits untouched in the attacker’s wallets

Billions in crypto left the world’s biggest exchange in a single evening. We followed every coin, chain by chain, to see how it got out and where it went.

By Gaurav Agarwal · Blockchain Intelligence

On-chain figures verified October 30, 202

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The biggest crypto hack on record

CoinDesk called it the largest crypto theft on record, and the numbers back that up. The previous record, the Bybit hack of February 2025, took about $1.5 billion. This one took about four times as much. Even now, what the hacker still holds is more than twice what Bybit lost.

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If you use Binance

Binance says user funds are safe. It says it will cover all losses from its SAFU fund, an emergency pot it keeps for hacks, and from its own money. Deposits and withdrawals stay paused until its security checks are done, and it says it will publish an updated proof of reserves.

• Rely only on Binance’s official channels for updates. Scams follow big hacks.
• Do not sign anything or send coins to anyone who contacts you about the hack.
• When withdrawals reopen, check the address you withdraw to before you confirm.

https://bitquery.io/investigations/binance-hack