Binance Lost Over $6 Billion in Crypto Hack. Here’s What to Know.

Binance, the world’s largest cryptocurrency exchange, said on Thursday that hackers had stolen some $6 billion in digital coins in what could be the biggest crypto heist in history.

The company said that it had halted withdrawals in response and that customers would get lost money back. While much about the hack is still unknown, details of how it happened and who might be responsible are beginning to come into focus.

Here’s what to know about the incident.

What is Binance?

Binance is a marketplace for digital coins where customers can buy Bitcoin, Ether and other types of cryptocurrency. The platform was created in 2017. As of this summer, it had more than 320 million users, according to the company.

Article source: https://www.nytimes.com/2026/10/30/business/binance-hack-crypto-price-what.html