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Inside the largest crypto hack on record: How attackers breached Binance for $6.3 billion

The Block reports on the Binance hack of 30 October 2026, in which investigators estimate more than $6 billion was stolen from hot wallets and attribute the theft to North Korean groups. Binance says it holds about $5 billion of the affected assets and is buying $1.3 billion more to cover losses. The piece covers an EIP-7702 sweeper, laundering through Aave and DEXs, and analyst comments. The available text does not detail the intrusion path.

TL;DR Reports a $6B+ Binance hot-wallet theft blamed on North Korean groups, with the EIP-7702 sweeper, laundering path and Binance's loss coverage plan.
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Organisations named here

  • Binance

Technologies named here

  • Aave
  • Binance hot wallets

Standards and laws named here

  • EIP-7702

Techniques named here

  • Cryptocurrency laundering via Aave and DEXs
  • EIP-7702 sweeper

Concepts named here

  • Hot wallet compromise
  • proof of reserves

Threat actors named here

  • DPRK
  • North Korean groups (attributed by investigators to the Binance hack of 30 October 2026)

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