EL7.AI
CryptoMedium•12 November 2026•
1 min read

Binance Updates October Hack Loss Estimate to $6.34 Billion

Key Facts

1Binance disclosed that an attacker accessed an internal wallet transaction-signing service on October 29, 2026.
2The estimate of affected digital assets has risen to approximately $6.34 billion across multiple chains.
3Binance stated it will absorb the full financial impact and that users did not bear any loss.

Binance disclosed that an attacker accessed an internal wallet transaction-signing service on October 29, 2026. According to shattered.io, the estimate of affected digital assets has risen to approximately $6.34 billion across multiple blockchains. The company stated it will absorb the full financial impact of the breach and confirmed that users did not bear any loss.

The exploit involved the drainage of Binance hot wallets, including the transfer of 233.46 million XRP to attacker-controlled addresses between 20:05 and 20:09 UTC on the day of the incident. Reports from shattered.io indicate that approximately $2.85 billion of the assets were frozen or intercepted, and the exchange replenished 98% of the affected token assets by October 31, 2026.