The Binance hack is one of the fastest-rising stories on Reddit right now. Since the first thread appeared at Oct 29, 21:09 UTC, we have counted 20 threads about it in 6 communities, led by r/technology, r/CryptoCurrency and r/Bitcoin. Combined, those threads hold roughly 26.4K upvotes and 4.2K comments so far.
The story so far
On the evening of October 29, 2026, Binance, the world's largest crypto exchange, lost billions of dollars in cryptocurrency from its hot wallets. Blockchain analysis firm TRM Labs says most of the roughly $6.36 billion left Binance wallets on ten blockchains in about 20 minutes starting at 20:05 UTC, with a second wave around 23:05 UTC; Elliptic puts the total at $6.43 billion across 11 blockchains. Binance itself estimates the impact at around $6.3 billion. Both firms call it the largest crypto theft on record, about four times the roughly $1.5 billion Bybit hack of February 2025. (TRM Labs, Elliptic, Binance)
Binance says its initial investigation suggests the incident may have started with a compromised DevOps engineer's laptop, which gave the attacker access to a service container where unauthorized withdrawals were submitted. The exchange says it has found no evidence that any wallet private key leaked, that the attack was not a single "one-click" action, and that it has not attributed responsibility to any individual. According to the BBC's live coverage, Binance later said further digging had uncovered additional points of breach. (Binance, BleepingComputer, BBC News)
Binance says user funds are safe and that it will cover all losses from its SAFU fund and company funds. It has temporarily suspended withdrawals, revoked the affected address authorisations and brought in law enforcement and blockchain intelligence partners. In its latest update (08:47 GMT on October 30, as reported by the BBC) it said deposits are unaffected and that it is on track to resume withdrawals in about 45 hours. Around $2.7 billion to $3 billion has been frozen, mostly USDT and USDC stablecoins frozen by their issuers; TRM Labs says the attacker still holds more than 420,000 ETH and 18,270 BTC that no issuer can freeze. The BBC, citing multiple reports, says Bitcoin fell about 5% after the hack. (Binance, BBC News, TRM Labs, Elliptic)
Who did it is not officially confirmed. TRM Labs attributes the attack "with high confidence" to TraderTraitor, a North Korean state-backed hacking unit linked to the Lazarus Group, and Chainalysis says it has "high confidence" in the same link. Elliptic says North Korea-linked actors are "likely" responsible, while noting that no government or law enforcement agency has confirmed the attribution. Binance has not said who was responsible; it told the BBC it is working with law enforcement to confirm the identity of the attackers. North Korea has always denied involvement in such hacks. (TRM Labs, BleepingComputer, Elliptic, BBC News)
Checked against the cited sources on Oct 30, 10:30 UTC. Figures and attributions can change as investigations continue.What the sources report
These are the reports Redditors are sharing most, in the outlets’ own words. We quote them rather than paraphrase, so nothing is lost or added.
- BBC News: Crypto giant Binance hit by hack suspected to be largest in history
Two analytics firms have attributed the incident to a North Korean hacking unit called TraderTraitor.
- NBC News: Binance targeted in $6.3 billion crypto heist, the largest ever
The company has suspended all deposits and withdrawals while it works with law enforcement to secure its infrastructure and locate stolen funds.
- TRM Labs: North Korea Steals USD 6.36 Billion From Binance in the Largest Hack in History | TRM Labs
On October 29, 2026, an attacker moved about $6.36 billion out of Binance wallets across ten blockchains, the largest crypto theft on record, and TRM attributes it to North Korea’s TraderTraitor, with evidence pointing to a compromise of Binance’s hot wallet signing infrastructure. About $2.7 billion has been frozen, but the attacker still holds roughly $2.4 billion, and TRM is tracking the funds and alerting partne…
The numbers in the headlines
- $6.36 billion: cited by a post in r/technology, a post in r/CryptoCurrency and TRM Labs
- $6.3 billion: cited by a post in r/stocks, a post in r/CryptoCurrency and NBC News
- $6 billion: cited by a post in r/wallstreetbets
- $5.8 billion: cited by a post in r/CryptoCurrency
- $5.6 billion: cited by a post in r/CryptoCurrency
- $3 billion: cited by a post in r/technology
Early figures differ, which is normal in a fast-moving story: the first posts often quote partial numbers that later reports revise. The figures from named outlets and firms are generally more reliable than those in user posts.
Where Reddit is talking about it
| Community | Threads | Upvotes | Comments | First thread |
|---|---|---|---|---|
| r/technology | 2 | 15,032 | 1,141 | Oct 30, 02:06 UTC |
| r/CryptoCurrency | 13 | 8,699 | 2,207 | Oct 29, 21:18 UTC |
| r/Bitcoin | 2 | 1,059 | 597 | Oct 29, 21:09 UTC |
| r/wallstreetbets | 1 | 680 | 100 | Oct 30, 06:25 UTC |
| r/stocks | 1 | 669 | 101 | Oct 30, 05:12 UTC |
| r/Economics | 1 | 275 | 21 | Oct 30, 01:15 UTC |
The biggest threads
- North Korea Steals USD 6.36 Billion From Binance in the Largest Hack in Historyr/technology · 10,911 upvotes · 809 comments · Oct 30, 04:59 UTC · TRM Labs
- Binance was just hacked for 5.6B - Get your Funds Out of Binance IF YOU CAN.r/CryptoCurrency · 3,957 upvotes · 873 comments · Oct 30, 00:38 UTC · i.redd.it
- Attacker gets away with up to $3 billion from Binancer/technology · 4,121 upvotes · 332 comments · Oct 30, 02:06 UTC · citationneeded.news
- BRAEKING: Binance is under a MASSIVE AI ATTACK and it's hot wallets have lost 5.8 BILLION DOLLARS SO FAR.r/CryptoCurrency · 2,704 upvotes · 748 comments · Oct 29, 22:29 UTC · arkm.com
- BINANCE HACKED?? WTF IS GOING ONr/Bitcoin · 727 upvotes · 421 comments · Oct 29, 21:09 UTC
- Binance hot wallet signed 50 EIP-7702 delegations 3 minutes before the drainr/CryptoCurrency · 869 upvotes · 179 comments · Oct 30, 00:07 UTC · 808bits.com
- Binance has confirmed a major security incident, with more than $2 billion drained across wallets. Circle and Tether have reacted quickly to freeze the majority of the funds.r/CryptoCurrency · 616 upvotes · 135 comments · Oct 30, 01:31 UTC · BeInCrypto
- Crypto exchange Binance hacked of over $6 billionr/wallstreetbets · 680 upvotes · 100 comments · Oct 30, 06:25 UTC · BBC News
- BREAKING: Cryptocurrency exchange Binance confirms it was the target of a $6.3 billion crypto heist Thursday, believed to be the largest ever/stocks · 669 upvotes · 101 comments · Oct 30, 05:12 UTC
- The Binance hack is real.r/Bitcoin · 332 upvotes · 176 comments · Oct 29, 21:56 UTC · reddit.com
Timeline on Reddit
- First thread we found, in r/Bitcoin: “BINANCE HACKED?? WTF IS GOING ON”
- The story reaches r/CryptoCurrency: “Possible Binance hack - Entire Binance wallet drained into new EOA”
- First link to AP News shared, in r/Economics.
- The story reaches r/technology: “Attacker gets away with up to $3 billion from Binance”
- The biggest thread so far is posted in r/technology (10,911 upvotes, 809 comments by our last count).
- The story reaches r/stocks: “BREAKING: Cryptocurrency exchange Binance confirms it was the target of a $6.3 billion crypto heist Thursday, believed …”
- Latest thread in our sample, in r/CryptoCurrency.
What people are asking
A selection of questions Redditors are asking in the top threads, quoted as written.
- “How do we know it was North Korea?” — asked in r/technology
How this page is made
SubMouse watches dozens of large, safe-for-work subreddits and Google's trending searches. When several communities start talking about the same event at the same time, we group those threads into one story and publish this page, then refresh it while the story keeps rising. The counts are ours; everything said about the event itself is quoted and credited to the post or outlet it comes from. Claims in Reddit posts are unverified unless an outlet confirms them. Upvote and comment counts come from Reddit's public data via the Arctic Shift archive and can lag. Spotted a mistake? Tell us. Not affiliated with Reddit.