Cryptocurrency exchange Binance has successfully recovered **90%** of the substantial **$6.3 billion** in assets stolen in a recent hack, which has been attributed to a North Korean-linked group. The funds were largely replenished from Binance's corporate treasury.
$6.3 billion
Total Amount Hacked
⏳ Time Machine
How today’s news fits into the bigger picture
February 2014
Mt. Gox Exchange Suffers Massive Hack
The Tokyo-based Bitcoin exchange Mt. Gox, once the largest in the world, collapsed after reporting the loss of **850,000 Bitcoins** (worth hundreds of millions of dollars at the time) due to a hack. This event severely damaged trust in centralized crypto exchanges and led to widespread calls for better security.
March 2022
Ronin Network Hacked for $625 Million
The Ronin Network, a sidechain for the popular blockchain game Axie Infinity, was exploited for over **$625 million** in cryptocurrency. This hack was later attributed to the North Korean-linked Lazarus Group, underscoring the growing threat of state-sponsored in the crypto space.
October 2026
Binance Suffers $6.3 Billion Hack
Binance, a leading cryptocurrency exchange, experienced a massive cyberattack resulting in the theft of **$6.3 billion** in assets. The FBI later identified a North Korean-linked group as responsible for the breach.
Late October 2026
FBI Attributes Hack to North Korea
The Federal Bureau of Investigation (FBI) publicly announced that the **$6.3 billion** hack on Binance was orchestrated by a group linked to North Korea, intensifying concerns about nation-state involvement in cryptocurrency theft.
Today
Binance announces recovery of 90% of the $6.3 billion stolen in a North Korean-linked hack.
What happens next?
Further enhancements in cybersecurity measures across the crypto ecosystem and intensified efforts to combat state-sponsored cybercrime are expected.
In a significant development for the cryptocurrency industry, Binance, one of the world's largest crypto exchanges, announced it has recovered **90%** of the **$6.3 billion** in assets that were stolen in a major hack attributed to a North Korean-linked group. The massive loss was covered primarily using funds from the company's own corporate treasury. This swift recovery effort highlights the exchange's financial strength and commitment to user protection, aiming to reassure investors after one of the largest cryptocurrency heists in history. The incident had raised significant concerns about the security of digital assets.
💭 If you're wondering…
A corporate treasury refers to a company's financial reserves and assets. In this case, Binance used its own substantial funds from its treasury to cover the losses and reimburse users after the hack.
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