Binance, the world's largest cryptocurrency exchange, said that $6.3 billion of capital was affected in what the industry called the largest cryptocurrency hacking attack in history. The price of digital tokens has plummeted. “The impact of this security incident is estimated to be around $6.3 billion.” Binance posted on social media platform X, “The company has frozen affected assets together with blockchain partners, and the chain has now frozen about $3 billion.” Binance has suspended all deposit and withdrawal operations. The company said it would bear all losses and that “users' funds are safe and secure.” He Yi, the co-founder of the company, later posted an article on X saying that it is expected that the withdrawal service will resume in the next 48 hours, and that the deposit service has not been affected and is still operating normally. Prior to that, the largest publicly disclosed cryptocurrency hacking attack occurred in February 2025, when the attackers stole tokens worth nearly 1.5 billion US dollars. The Binance incident may have been a setback for cryptocurrency enthusiasts who have just enjoyed two consecutive months of price rebounds.

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