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An independent record of the October 2026 Binance hack
This line is our short summary of the quote below. The quote is the evidence.
Around 4:20 p.m. ET on October 29, 2026, funds began leaving Binance hot wallets across multiple blockchains. Unauthorized transfers totaled approximately $6.4 billion, the largest theft in crypto history.
Reviewer note: Chainalysis states the time as 4:20 p.m. ET. Converted to UTC at UTC-4 (US daylight time was in effect on 29 October 2026).
Unauthorized transfers totaled approximately $6.4 billion, the largest theft in crypto history.
The strongest evidence emerged when Chainalysis investigators observed, in real time, funds stolen from Binance commingling with funds stolen in last month’s Bitget exploit, which had been attributed to North Korean actors.
This repeated sequence suggests a programmatic process for moving and redistributing the stolen funds.
Many addresses follow a consistent pattern: they receive exactly 1 TRX, then receive additional funds, then forward funds to other addresses.
Over nearly 20 minutes it swapped $325 million in stablecoins into $285 million in ETH.