Hackers stole an estimated $6.3 billion from Binance in the largest crypto attack on record, which began at 8:04 pm UTC Thursday and is linked to the North Korean group behind last month's Bitget hack. The attackers quickly converted USDT and USDC, which issuers can freeze, into BTC and ETH, with $325 million of USDT sold to market makers for ETH before 20:59 UTC. Tether froze around $1.567 billion in USDT and Circle around $823 million in USDC, and Binance said about $3 billion of the $6.3 billion has been frozen. On Aave, the attackers deposited $60 million in USDT and borrowed $44.6 million of WETH about 40 minutes before the first freeze, and Aave said the position remained overcollateralized. Elliptic estimated $2.84 billion was frozen by 7:00 am UTC Friday while the attackers still controlled around $3.33 billion, and freezing does not automatically return funds.
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cryptoBinancecybersecuritystablecoins
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $97.5B |
| Close on 10/29/2026 | 698.46 |
| Change that session | -8.08% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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