Glassnode
The Binance hack affected more than $6 billion, making it the largest incident in crypto history, according to the figures in the report. That exceeds the combined total of the next nine largest hacks. Bybit’s $1.5 billion hack in February 2025 was previously the largest.
Why it matters
Three of the 10 largest crypto hacks have now occurred since 2025, and all three targeted exchanges. The concentration puts exchange security and market confidence in focus.
Market impact
The reported figure describes funds affected, not necessarily funds stolen or permanently lost. The scale may weigh on confidence in centralized platforms, but the seed provides no details on Binance’s response or any market reaction.
Frequently asked questions
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How much did the Binance hack affect?
More than $6 billion was affected, according to the seed. The figure is not stated as a confirmed amount stolen or permanently lost.
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How does the Binance incident compare with other crypto hacks?
It is described as the largest in crypto history and larger than the next nine largest hacks combined.
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What was previously the largest crypto hack?
Bybit’s $1.5 billion hack in February 2025 was previously the largest.
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How many of the 10 largest hacks happened since 2025?
Three of the 10 largest crypto hacks have happened since 2025.
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What type of platforms were targeted in those recent major hacks?
All three of the 10 largest hacks that have occurred since 2025 happened at exchanges.
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