Top story: Binance Hack Losses Reach $6.3B as Withdrawals Resume. At publication, Bitcoin was at $76,682 (-1.8% in 24h), Ether at $2,250.71 (-1.5% in 24h) and the total crypto market cap at $2.60 trillion (-3.4% in 24h).
Binance Suffers $6.3B Hack; Hyperliquid Gains From ICE Investment
Hackers drained roughly $6.3 to $6.4 billion from Binance hot wallets across three blockchains, the largest known crypto theft on record. Binance has reserved over $6.34 billion of company funds to cover losses, and about $2.4 billion to $3 billion of the stolen assets has been frozen so far.
Binance co-founders Changpeng Zhao and Yi He warned users this week that scammers are targeting victims of the exchange's $6.3 billion hot-wallet breach. The warnings come as withdrawals resume in phases and net outflows reach roughly $3.64 billion.
Binance restarted customer withdrawals on Sunday in stages, beginning with bitcoin, four days after a roughly $6.3 billion theft from its hot wallets. The exchange says it has covered 95% of the losses and is working to fund the remaining 5%, which sits in less liquid tokens.
Binance said it allocated $6.34 billion from corporate treasury to replenish user funds after a breach disclosed October 31, 2026. Sources differ on the scale of the incident and the share of losses recovered, with Bitcoin Magazine reporting $3.3 billion still unrecovered while Binance reports about 90% replenished.
Kalshi has made CFTC-approved bitcoin perpetual futures available to U.S. traders, the first regulated product of its kind onshore. The launch intensifies competition, with Kraken, Robinhood and Gemini reportedly preparing their own entries.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
You're receiving this because you confirmed a subscription at coinarticle.com.
