# Binance pledges to cover losses after US$6 billion crypto hack

https://mins.news/en/item/121837

- South China Morning Post, 2026-10-30 03:26 UTC
- Economy
- Original: https://www.scmp.com/business/cryptocurrency/article/3372664/binance-pledges-cover-losses-after-us6-billion-crypto-hack

> Binance says a hack drained about US$6.3 billion from its wallet and has pledged to cover all losses. At that scale, it would be the largest recorded crypto theft. The exchange says it suspended deposits and withdrawals while carrying out security checks.

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