# The $6.3bn Binance hack exposes crypto’s growing centralisation

https://mins.news/en/item/125681

- Financial Times, 2026-11-02 15:02 UTC
- Economy
- Original: https://www.ft.com/content/aee842a2-2949-4746-8742-03c0397f0391

> The $6.3bn Binance hack highlights how centralised crypto has become. Blockchains are not the problem; technological vulnerabilities have been introduced by the ecosystem around them.

## Related coverage

- [Crypto industry faces stark security challenges after US$6.4 billion Binance hack](https://mins.news/en/item/126229) — South China Morning Post, 2026-11-02
- [The $6.3 billion Binance hack paradox: Centralization enabled the attack but also saved $3 billion](https://mins.news/en/item/123650) — CoinDesk, 2026-10-31
- [How did $6 billion vanish from Binance in crypto’s biggest hack?](https://mins.news/en/video/123254) — Reuters, 2026-10-30
