What happened
Reuters reported on 30 October that hackers stole approximately $6.3 billion from Binance, the world's largest cryptocurrency exchange. The report described it as a record cryptocurrency theft and said major digital-asset prices fell following the news.
According to blockchain analysis cited by Reuters, most of the theft unfolded over roughly 20 minutes late on Thursday. Binance described the incident as a complex attack and said it was coordinating with law enforcement.
Binance's response
Binance halted withdrawals and said customer funds were safe and that it would cover losses. The exchange said it was working with partners to freeze affected assets, with approximately $3 billion located at the time of the report.
Reuters reported that stablecoin issuers including Tether, Circle and World Liberty Financial helped freeze stolen assets. Binance's expected withdrawal-service restart was an estimate, not confirmation that withdrawals had already resumed.
Investigation and market reaction
Blockchain analysis firms TRM Labs and Chainalysis linked the attack to North Korea, according to Reuters. This is the analysts' attribution, not an independently confirmed finding by QMM Capitals.
The incident highlights exchange custody and operational risks alongside normal price volatility. This article summarises the dated Reuters report; the investigation, frozen-asset totals and withdrawal status may change as further information emerges. It is not investment advice.
