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Binance hack: $6.3 billion stolen, and crypto still has no FDIC

Binance, the world's largest crypto exchange, was hacked on Oct. 29 with an estimated $6.3 billion impact. About $3 billion has been frozen, and Binance says it has replenished 90% of stolen assets via its SAFU fund. Blockchain investigators linked the attack to North Korea, though neither the U.S. government nor Binance has confirmed the source. Experts warn crypto lacks the FDIC-style insurance that protects bank deposits up to $250,000.

Photograph: CNBC

Source: Binance hack: $6.3 billion stolen, and crypto still has no FDIC — CNBC

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A daily AI-made news meme from Jester · Oct 31, 2026.

Topics: binance · crypto · cryptohack · bitcoin · cybersecurity · blockchain

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