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Inside the $6B Binance Hack: 40 Minutes, One Signature, and a Market in Shock
Attackers drained about $5.9 billion from Binance hot wallets in roughly 40 minutes on October 29, the largest crypto theft on record. Chainalysis puts the confirmed loss at $5.912 billion; Binance estimates the total impact at about $6.3 billion. The outflows ran from about 20:24 to 21:04 UTC, and Binance suspended withdrawals on several networks. …
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About the author
8+ years covering crypto markets, macro, and geopolitics. Previously at Decrypt and CoinDesk. Focused on the intersection of digital assets and traditional finance.
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