Both firms blame the group behind the Bybit hack, as Binance says it has set aside $6.34 billion of its own funds to cover user losses.
This story was originally published by Decrypt.
Elon Musk’s keyboard warrior persona has drawn a public response from Binance co-founder Changpeng Zhao (CZ), who called out unhelpful comments from the Tesla founder and X owner as crypto’s largest…
Just as Hyperliquid opened the door to a fully regulated perps offering inside the U.S., Binance suffered the biggest hack in crypto history.
Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets.
On October 29, 2026, an attacker drained about $6.15 billion from Binance in 31 minutes, one of the largest thefts in crypto history, or rather, internet history. Binance first put losses at $6.3…
Your day-ahead look for Oct. 30, 2026
Binance has reserved over $6.34 billion in company funds to cover losses from the security breach. The exchange already holds $5 billion in the same cryptocurrencies affected by the attack. Binance…
