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The Binance Hack

An independent record of the October 2026 Binance hack

All statements

Elliptic chief scientist Tom Robinson said the Binance theft is 'almost certainly the single largest known theft of any kind', that before Bybit the record was held by Saddam Hussein, who took $1bn from the central bank of Iraq in Baghdad on the eve of the 2003 Iraq war, and that the Binance theft is more than six times larger.

This line is our short summary of the quote below. The quote is the evidence.

ReportedamountStatement 825

“This incident is almost certainly the single largest known theft of any kind,” says Tom Robinson, the consultancy’s chief scientist. “Before Bybit, that record was held by Saddam Hussein, who took $1bn from the central bank of Iraq in Baghdad on the eve of the 2003 Iraq war. The Binance theft is more than six times larger.”

Speaker
Tom Robinson
Publisher
The Guardian (News media)
Original
How big a deal is the $6.3bn Binance crypto heist, who did it, and are investments safe?
Captured
Stored copy
sha256 7180f6d17fbe
Published

Other statements from the same source

ReportedotherStatement 831

The Guardian quoted Phil Larratt, described as a senior director at the consultancy, as saying the thieves will try to convert the crypto into fiat money in a process that "takes weeks and months, if not years".

Phil Larratt, a senior director at the consultancy, says the thieves will now try to convert the crypto into fiat money in a process that “takes weeks and months, if not years”.

Speaker
Phil Larratt
Publisher
The Guardian (News media)
Original
How big a deal is the $6.3bn Binance crypto heist, who did it, and are investments safe?
Captured
Stored copy
sha256 7180f6d17fbe
Published