Binance confirms $6.3 billion hack, half of funds frozen.

Binance, the world’s largest cryptocurrency exchange, confirmed on Tuesday that it suffered a hack that stole roughly $6.3 billion in digital assets, making it the biggest crypto heist on record. The company said half of the stolen funds have been frozen, while the rest remain in the hands of the attackers. Binance added that it has “begun recovering” some of the assets and is working with law‑enforcement agencies to trace the money.

The breach comes as cyber‑crime groups increasingly target high‑value crypto platforms, exploiting the sector’s rapid growth and often lax security standards. Two independent analytics firms have linked the attack to a North Korean hacking unit, although no group has publicly claimed responsibility. Binance declined to comment on the alleged North Korean connection when asked by reporters. The exchange’s spokesperson said the focus is on securing user funds and restoring confidence, but did not provide details on how the hackers accessed the wallets.

BBC cyber correspondent Joe Tidy warned users to monitor their accounts closely and to report any unauthorized activity to Binance immediately. The exchange has set up a dedicated support line and is offering guidance on how to protect personal keys and passwords. Regulators in several jurisdictions have opened inquiries into the incident, and industry observers say the hack could prompt tighter oversight of crypto exchanges worldwide. Binance says it will continue to work with investigators and hopes to recover more of the lost assets in the coming weeks.