#Binance has suffered a massive security breach resulting in the theft of an estimated $6.3 billion, making it the largest cryptocurrency heist in history. The exploit occurred on Thursday, October 29, 2026, prompting the exchange to immediately freeze asset movements and suspend all customer withdrawals. Co-CEOs Richard Teng and Yi He have assured users that all customer losses will be covered using company funds and the Secure Asset Fund for Users (SAFU), stating that user funds are safe.

#Binance North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’

US markets witnessed a broad decline on October 30, with the Nasdaq Composite falling 2.66%, the Russell 2000 dropping 1.81%, and the S&P 500 declining 1.60%.