Binance probes potential $5.8 billion crypto-theft hack

Cryptocurrency exchange Binance is investigating a potential security breach involving up to $5.8 billion in digital assets, in what could become the largest cryptocurrency hack in history.

If confirmed stolen, the amount would far exceed the $1.5 billion stolen from Bybit by North Korean hackers in February 2025, the largest confirmed crypto heist on record.

The suspected breach has already prompted stablecoin issuers Tether and Circle to freeze more than $2.3 billion in assets associated with the incident.

In a statement to BleepingComputer, a Binance spokesperson confirmed that the exchange was investigating reports of a potential security issue while reassuring customers that their funds were safe.

"Our teams are aware of reports of a potential security issue and are actively investigating. Rest assured that user funds are completely safe," the spokesperson told BleepingComputer.