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Binance hack of about $5.7bn may be largest crypto theft on record

NewsFeeds update

About $5.7bn in cryptocurrency was stolen in the overnight Binance hack, which if officially confirmed would be the largest crypto hack ever, surpassing the $1.5bn taken from Bybit last year and $625m from Ronin Network in 2022.

AltcoinsCoinNessAIBearish

Read the original on CoinNess

The story so far: Binance hot wallet hack

About $5.7bn was stolen in the overnight Binance hack, which would be the largest crypto hack ever, and Benson Sun says about $2.5bn has been frozen. Chainalysis now puts the loss at about $5.91bn, nearly four times the 2025 Bybit loss, while Binance says roughly $3bn has been verified as frozen.

  1. He Yi says Binance investigating reports of potential security issue

    He Yi said on X that Binance has noted reports of a potential security problem and is actively investigating, with its security team urgently reviewing the information. She said verified updates will come through official Binance channels and warned users against scams and unofficial links.

    AltcoinsOdailyAIBearish

  2. Binance co-CEO He Yi says Ripple froze $200m tied to hack

    Binance co-CEO He Yi says the Ripple team quickly froze about $200m in funds tied to the Binance hack.

    AltcoinsCoinNessAIBearish

  3. Yi He says Ripple and WLFI helped freeze assets as Binance halts withdrawals

    Binance co-founder Yi He said Ripple froze about 200 million in related assets and World Liberty Financial froze $27m in USD1 and 48 million WLFI, worth about $2m. Binance has suspended withdrawals until conditions are confirmed safe, she said, adding that user funds are safe.

    AltcoinsPANewsAIBearish

  4. Binance hack of about $5.7bn may be largest crypto theft on record

    About $5.7bn in cryptocurrency was stolen in the overnight Binance hack, which if officially confirmed would be the largest crypto hack ever, surpassing the $1.5bn taken from Bybit last year and $625m from Ronin Network in 2022.

    AltcoinsCoinNessAIBearish

  5. Binance hack puts DeFi on alert as $5.5bn in stolen assets raises contagion risk

    A Binance hack has put DeFi on alert, with $5.5bn in stolen assets raising the risk of contagion.

    AltcoinsBloomingbitAIBearish

  6. Binance says it is working to trace and freeze more stolen assets

    Binance said it is working with law enforcement, asset issuers, blockchain intelligence firms and industry partners to trace and freeze more of the stolen assets, and expects the total frozen to rise.

    RegulationChainCatcherAIBearish

  7. Ripple says it is freezing RLUSD tied to suspected Binance attack

    Ripple stablecoin head Jack McDonald says Ripple is freezing affected RLUSD funds after reports of a possible attack on Binance in which the suspected attacker holds the token. Ripple says it is coordinating with relevant parties and is ready to assist the investigation.

    StablecoinsOdailyAIBearish

  8. Benson Sun says stolen Binance Bitcoin faces limited near-term selling pressure

    Benson Sun, a former FTX community partner, said about $2.5bn of the assets stolen in the Binance hack has been frozen, roughly half the losses, and the rest is mostly BTC and ETH. He said cashing out the stolen Bitcoin would be hard under exchange and on-chain monitoring, while ETH could face more selling pressure.

    BitcoinCoinNessAIBullish

  9. Chainalysis puts Binance hack loss at about $5.91bn

    Chainalysis estimates about $5.91bn was stolen in the Binance hack, nearly four times the 2025 Bybit loss. Binance says roughly $3bn has been verified as frozen.

    AltcoinsOdailyAIBearish

More Altcoins updates

  1. Chainalysis puts Binance hack loss at about $5.91bn

    AltcoinsOdailyAIBearish

  2. Machi Big Brother liquidated eight times in six hours, Lookonchain says

    AltcoinsOdailyAIBearish

  3. Binance attacker sells UNI, ENA and five other tokens for 70,480 ETH

    AltcoinsOdailyAIBearish

Every Altcoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.