Binance suspended customer withdrawals after an estimated $6.3 billion cyberattack, Hedgeweek reported on 30 October 2026. The newswire said the exchange froze approximately $3 billion in affected assets and is working with law enforcement to investigate the incident. The story carries a confirmed label, with several independent outlets and community posts backing it. Hedgeweek also reported that an initial investigation identified a compromised engineer's laptop as a potential entry point. [1] [2]

On the Ethereum side of the attack, CoinDesk reported that the attacker used the 2025 EIP-7702 upgrade, described as a change built to make ordinary wallets smarter, with 50 signatures from Binance's own wallet. Cointelegraph reported that security experts said EIP-7702 did not cause the hack but may have helped bypass withdrawal safeguards. The Defiant reported that Binance is rebuilding its withdrawal service after the breach it estimates at $6.3 billion. [4] [5] [6]

TRM Labs linked the attack to TraderTraitor, a North Korean hacking group, Hedgeweek reported, although responsibility has not been independently established. That attribution therefore remains unconfirmed. The same report said about $3 billion in affected assets was frozen, a figure that comes from the exchange's own account as relayed by the newswire. [2] [3]

Decrypt's Morning Minute, in a post labeled unverified, said Binance suffered the biggest hack in crypto history, citing a $6.4 billion figure in its headline. The same post said the hack overshadowed Hyperliquid opening the door to a fully regulated perps offering inside the U.S. No further confirmation, attribution or timing was given in the excerpt, and the $6.4 billion figure differs from the $6.3 billion reported elsewhere. [7] [8]

President Trump said authorities are looking into the Binance hack, The Block reported in an unverified post. The same post described the hack of the world's largest crypto exchange as totaling $6.3 billion and said calls are growing for legislation. Separately, Decrypt reported in an unverified post that CFTC Chair Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards. [9] [10] [11] [12]

Several elements remain unconfirmed or disputed. The Decrypt and The Block posts are labeled unverified, and the loss figure appears as both $6.3 billion and $6.4 billion across the material. The link to TraderTraitor has not been independently established. The claim that this is the biggest hack in crypto history, and the reported regulatory and legislative responses, rest on unverified reports rather than confirmed sourcing. [3] [7] [9] [11] [12]