Binance has suffered a hack that Cointelegraph puts at $6.3 billion and calls a record. Cointelegraph published a recap of its live coverage on Oct 30, 2026. Yohan Yun wrote it and Bryan O Shea edited it.
The recap starts with the first reports that Binance had been breached. It then moves to what the exchange said afterward. Its main statement was a promise to reimburse the losses in full.
Much remains unsettled. Cointelegraph says the investigation is still ongoing. It also says the reported figures and the timeline for any recovery may still change. The source does not say how the breach happened or who was behind it, and it does not say when reimbursement will be completed.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, nothing changes directly based on what has been reported. The story covers Binance only. It gives no figures on funding rates, fees or liquidity at any of these four venues.
Source: cointelegraph — Recap: How Binance’s record $6.3B hack unfolded