Wu Blockchain: Binance Co-Founder He Yi Explains $6.3 Billion Hack
AI Market Summary
Binance's disclosure of a $6.3B cyberattack is a severe operational and reputational shock for the exchange and its native token. Although roughly $3B was frozen and Binance will cover losses from its own funds, the incident raises counterparty and security concerns across centralized crypto venues, likely weighing on near-term risk appetite and BNB sentiment while withdrawals remain suspended.
Impact level
● High
Affected assets
BNB/USDT+0.31%
AI Insight · BNB/USDTAI Insight
▼ Bearish
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Binance co-founder He Yi (@heyibinance) said on October 30, 2026, that the exchange had suffered a cyberattack affecting about $6.3 billion in assets, with roughly $3 billion frozen with help from industry participants. Binance is rebuilding its security environment and reviewing its wallets, and withdrawals are expected to resume within 42 hours. The company will cover the stolen assets with its own funds, with only a small portion requiring purchases on the market. He Yi described the incident as a complex, multivector attack and said Binance would publish a technical security audit report and work with law enforcement agencies worldwide to track down the hackers and trace the funds.
