Binance probes possible $5.7 billion crypto hack, possibly the biggest in history

AxiosOctober 29, 2026en

Crypto exchange Binance is investigating what could be the biggest crypto hack in history as users saw upwards of $5.7 billion in funds drained from wallets Thursday afternoon. Why it matters : The suspected hack comes after a wave of high-profile cyberattacks and data breaches during so-called "Black October," when a series of hacks and AI-discovered bugs triggered fears of a global crisis. Driving the news: Binance co-founder Changpeng "CZ" Zhao, who is no longer an executive at the company, said on X that the crypto exchange appears to have been hacked, although a company spokesperson says it's still investigating the matter. Analysts and traders who follow the crypto markets closely esti

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