Fintech News Singapore· Izzat Najmi Abdullah·· 3 hours agoSelectedAI score74
Binance loses US$6.3 billion to theft, four times the previous cryptocurrency theft record
Binance’s US$6.3 Billion Breach Is Four Times the Previous Crypto Hack Record
AI brief
AI-assisted source summary · not independently verified. Content standards
Binance was robbed of US$6.36 billion on October 29, 2026. TRM Labs said most of the funds were transferred out within about 20 minutes, making it the largest known cryptocurrency theft by losses.
Why it matters
The article compares the Binance theft with previous major crypto-asset thefts and examines mechanisms including wallet signatures, cross-chain bridges and stablecoin freezes, showing how the losses occurred and were handled.
Source:Fintech News Singapore · fintechnews.sg