Binance, the world's largest cryptocurrency exchange, has suffered a record $6.3bn heist, dwarfing recent major crypto thefts. The breach underscores an industry increasingly beset by high-profile hacks.
Other notable incidents include Bybit, where North Korean hackers stole $1.5bn in February 2025, and Ronin in 2022, losing over $600mn. US officials linked the Ronin attack to the Lazarus Group. Bitget lost nearly $390mn in September 2026, identifying methods consistent with North Korean actors.
Poly Network lost roughly $600mn in 2021, though the hacker returned most funds. Coincheck was breached in 2018, losing 523mn XEM tokens. South Korea's spy agency suspected North Korean involvement. Binance itself was hacked in 2022, losing about $570mn in BNB tokens.
The Mt Gox breach in the early 2010s exposed early vulnerabilities, leading to bankruptcy in 2014 after nearly $500mn was misappropriated.
Source: Financial Times Companies · Summarized by HeadlinesBriefing