Binance says it has frozen about half of the $6.3bn stolen in a record‑size hack and is working with US authorities to trace the rest.

The world’s largest crypto exchange, Binance, reported that roughly $3 billion of the $6.3 billion taken in a “complex” cyber‑attack has been secured, while the remaining funds are still in the hands of unidentified hackers. Initial investigations pointed to a compromised engineer’s laptop, but later analysis indicated a broader breach linked to a North Korean hacking unit.

Law‑enforcement response

• The US Secret Service is working around the clock to identify, freeze, trace and recover the stolen assets.
• Binance is cooperating with the FBI and other international agencies in a coordinated effort.
• The hack also involved US‑linked stablecoins such as Tether and Circle, adding jurisdictional complexity.

Market reaction

• Bitcoin fell about 5% to $76,800 in New York trading on Friday.
• Coinbase shares dropped 12% after a mixed earnings report.
• Robinhood’s crypto‑related business slid 7.8%.

What traders are watching

• Potential further freezes or recoveries that could affect liquidity in major stablecoins.
• Any official statements from US law‑enforcement on progress of the investigation.
• Binance’s next update on the status of the remaining $3.3 billion and its ability to cover user losses.

Related news

• Binance hack hits $6.3 billion, biggest crypto theft on record
• Evening market overview, Oct 30, 2026
• Crypto markets wobble as Bitcoin, Ethereum, XRP test key supports after Binance hack
• Bitcoin, ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

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This article is compiled from international market news for information only. It is not investment advice.