{"id":334679,"date":"2026-11-02T11:16:28","date_gmt":"2026-11-02T05:46:28","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=334679"},"modified":"2026-11-02T11:16:28","modified_gmt":"2026-11-02T05:46:28","slug":"binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/","title":{"rendered":"Binance Hack Explained: $6.3 Billion Stolen in 20 Minutes, About $3 Billion Frozen, FBI Names North Korea and What It Means for Bitcoin and Indian Crypto Investors"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Binance hack: about $6.3 bn stolen on 30 Oct 2026, the largest crypto theft. About $3 bn frozen. FBI names North Korea. Withdrawals resumed. Bitcoin fell over 4% to about $77,995.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Binance hack saw about $6.3 billion stolen on 30 October 2026, the largest crypto theft on record, with attackers moving roughly $6.36 billion out of wallets on 10 blockchains in about 20 minutes. About $3 billion has been frozen, the FBI says North Korea is behind it, and Binance says it will absorb the losses and has resumed withdrawals. Bitcoin fell more than 4% to about $77,995 on the day.<\/p>\n<\/p><\/div>\n<p>The <strong>Binance hack<\/strong> is the biggest crypto theft ever recorded: Binance said on Friday, 30 October 2026, that a security incident affected about $6.3 billion in client assets. This <strong>Binance hack<\/strong> explainer sets out what happened, how much has been frozen, who is blamed, what it did to <strong>Bitcoin price<\/strong>, and what After the <strong>Binance hack<\/strong>, Indian investors should check about where they hold crypto.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#Binance_Hack_What_Happened\" title=\"Binance Hack: What Happened\">Binance Hack: What Happened<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#How_Did_the_Binance_Hack_Happen\" title=\"How Did the Binance Hack Happen?\">How Did the Binance Hack Happen?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#Who_Is_Behind_It_and_What_Has_Been_Frozen\" title=\"Who Is Behind It and What Has Been Frozen?\">Who Is Behind It and What Has Been Frozen?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#Who_Pays_Binances_Response_and_the_SAFU_Fund\" title=\"Who Pays? Binance&#x27;s Response and the SAFU Fund\">Who Pays? Binance&#x27;s Response and the SAFU Fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#Impact_on_Bitcoin_and_Crypto_Markets\" title=\"Impact on Bitcoin and Crypto Markets\">Impact on Bitcoin and Crypto Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#What_Indian_Crypto_Investors_Should_Do\" title=\"What Indian Crypto Investors Should Do\">What Indian Crypto Investors Should Do<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#Frequently_Asked_Questions_on_the_Binance_Hack\" title=\"Frequently Asked Questions on the Binance Hack\">Frequently Asked Questions on the Binance Hack<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#How_much_was_stolen_in_the_Binance_hack\" title=\"How much was stolen in the Binance hack?\">How much was stolen in the Binance hack?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#Who_is_behind_the_Binance_hack\" title=\"Who is behind the Binance hack?\">Who is behind the Binance hack?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#How_much_of_the_stolen_money_has_been_frozen\" title=\"How much of the stolen money has been frozen?\">How much of the stolen money has been frozen?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#Will_Binance_users_lose_money\" title=\"Will Binance users lose money?\">Will Binance users lose money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#Have_Binance_withdrawals_resumed\" title=\"Have Binance withdrawals resumed?\">Have Binance withdrawals resumed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#How_did_the_Binance_hack_affect_Bitcoin\" title=\"How did the Binance hack affect Bitcoin?\">How did the Binance hack affect Bitcoin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#What_should_Indian_investors_do_after_the_Binance_hack\" title=\"What should Indian investors do after the Binance hack?\">What should Indian investors do after the Binance hack?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-6-3-billion-stolen-north-korea-frozen-funds-bitcoin-impact-indian-investors\/#Is_crypto_a_safe_investment_after_this_hack\" title=\"Is crypto a safe investment after this hack?\">Is crypto a safe investment after this hack?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Binance_Hack_What_Happened\"><\/span><strong>Binance Hack: What Happened<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Item<\/th>\n<th>Detail<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Amount<\/td>\n<td>About $6.3 billion (TRM Labs estimate: $6.36 billion)<\/td>\n<\/tr>\n<tr>\n<td>How fast<\/td>\n<td>Most moved in about 20 minutes<\/td>\n<\/tr>\n<tr>\n<td>Spread<\/td>\n<td>Wallets on 10 blockchains<\/td>\n<\/tr>\n<tr>\n<td>Frozen so far<\/td>\n<td>About $3 billion, including more than $2.3 billion by Tether and Circle<\/td>\n<\/tr>\n<tr>\n<td>Still unfrozen<\/td>\n<td>About $3.3 billion (Fundstrat estimate)<\/td>\n<\/tr>\n<tr>\n<td>Attribution<\/td>\n<td>FBI confirmed North Korea on Saturday, 31 October<\/td>\n<\/tr>\n<tr>\n<td>Previous record<\/td>\n<td>Bybit, $1.5 billion, February 2025<\/td>\n<\/tr>\n<tr>\n<td>Withdrawals<\/td>\n<td>Suspended on Friday, resumed by 1 November<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: TRM Labs, Binance statements, Reuters, CNBC, CNN and NPR reports of 29 October to 2 November 2026. Details are still emerging and figures may be revised.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Did_the_Binance_Hack_Happen\"><\/span><strong>How Did the Binance Hack Happen?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the <strong>Binance hack<\/strong>, the attacker ordered Binance&#8217;s wallets to empty into wallets they controlled, according to TRM Labs, mirroring the Bybit theft. Binance said it found no evidence that any wallet&#8217;s private key leaked, though Mark Karpeles, the former head of Mt Gox, told Reuters the attackers probably accessed keys to at least two wallets. Binance noted that features match earlier North Korea-linked attacks, including small Tornado Cash withdrawals funding an operator wallet, staging well before the theft, and signatures obtained in advance. How the attackers got into the accounts is still unclear.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Is_Behind_It_and_What_Has_Been_Frozen\"><\/span><strong>Who Is Behind It and What Has Been Frozen?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>crypto hack<\/strong> was blamed on <strong>North Korea<\/strong>: the link was confirmed by the FBI on Saturday, and Chainalysis and TRM Labs said the activity resembles the group behind the Bybit attack, known as TraderTraitor. Stablecoin issuers Tether and Circle froze more than $2.3 billion, and Ripple also moved to freeze funds, bringing the frozen amount to about $3 billion. The remaining roughly $3.3 billion is the part still at risk of laundering. US President Donald Trump said officials were investigating.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for market-wide moves after global events<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Pays_Binances_Response_and_the_SAFU_Fund\"><\/span><strong>Who Pays? Binance&#x27;s Response and the SAFU Fund<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On <strong>Binance withdrawals<\/strong> and losses, Binance said it will absorb the financial impact so that users do not bear the loss, and that about 95% of the stolen amount is covered through its <strong>SAFU fund<\/strong> of roughly $1 billion in Bitcoin, its corporate treasury and its futures insurance fund. Fundstrat&#8217;s Sean Farrell said the breach does not currently appear to pose a significant solvency risk for Binance. Withdrawals resumed on 1 November after the temporary suspension.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Impact_on_Bitcoin_and_Crypto_Markets\"><\/span><strong>Impact on Bitcoin and Crypto Markets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Bitcoin price<\/strong> fell more than 4% to about $77,994.96 on Friday as the hack weighed on sentiment, adding to pressure from higher US interest rates and weaker exchange-traded fund demand, analysts told Reuters. Another effect is trust: critics note that smaller exchanges may struggle to repay customers after a hack of this kind.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Indian_Crypto_Investors_Should_Do\"><\/span><strong>What Indian Crypto Investors Should Do<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Indian investors should check which exchanges they use, whether those exchanges are registered with India&#8217;s Financial Intelligence Unit, and how much they keep on an exchange as opposed to in self-custody. Avoid leaving large balances on any exchange. Under current Indian tax rules, gains from virtual digital assets are taxed at 30% with a 1% TDS on transfers, and crypto is not regulated like securities, so there is no SEBI investor-protection cover. Verify the latest rules before acting.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to follow global market news and Indian stocks on your phone.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Binance hack<\/strong> is the largest crypto theft on record, with about $6.3 billion stolen, about $3 billion frozen and North Korea named by the FBI. Binance says users will not bear the loss, but the incident shows how concentrated exchange risk is. Treat crypto as a high-risk asset, and never invest money you cannot afford to lose.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_the_Binance_Hack\"><\/span><strong>Frequently Asked Questions on the Binance Hack<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_much_was_stolen_in_the_Binance_hack\"><\/span><strong>How much was stolen in the Binance hack?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Binance said about $6.3 billion in client assets was affected, and TRM Labs estimated that about $6.36 billion was moved from Binance wallets across 10 blockchains, most of it in about 20 minutes. It is the largest crypto theft on record, ahead of the $1.5 billion Bybit hack in February 2025.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_is_behind_the_Binance_hack\"><\/span><strong>Who is behind the Binance hack?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The FBI said on Saturday, 31 October 2026, that North Korea was behind the hack. TRM Labs and Chainalysis said the activity matches the group behind the Bybit attack, called TraderTraitor. Binance also pointed to features similar to earlier North Korea-linked attacks, such as pre-signed transactions and Tornado Cash funding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_of_the_stolen_money_has_been_frozen\"><\/span><strong>How much of the stolen money has been frozen?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About $3 billion has been frozen, including more than $2.3 billion frozen by stablecoin issuers Tether and Circle. About $3.3 billion remained unfrozen, per a Fundstrat estimate. Frozen funds may be returned if they can be traced and legally claimed, but recovery of the rest is uncertain.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_Binance_users_lose_money\"><\/span><strong>Will Binance users lose money?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Binance says it will absorb the financial impact, not users, and that about 95% of the stolen amount is covered through its SAFU fund of roughly $1 billion in Bitcoin, its corporate treasury and its futures insurance fund. Fundstrat said there is no significant solvency risk at present. Details can change as the investigation continues.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Have_Binance_withdrawals_resumed\"><\/span><strong>Have Binance withdrawals resumed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. Binance suspended deposits and withdrawals on Friday, 30 October, while investigating, and said on 1 November that it had resumed withdrawals. Users should still use official channels only, enable two-factor authentication and beware of phishing messages claiming to help recover funds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_the_Binance_hack_affect_Bitcoin\"><\/span><strong>How did the Binance hack affect Bitcoin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bitcoin fell more than 4% to about $77,994.96 on Friday as the hack weighed on crypto markets. Analysts also pointed to higher US interest rates and weaker demand from exchange-traded funds. Crypto prices are volatile, and short-term moves after a hack can reverse or deepen.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_Indian_investors_do_after_the_Binance_hack\"><\/span><strong>What should Indian investors do after the Binance hack?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Review which exchanges you use and whether they are registered in India, keep only what you need on any exchange, use strong security and consider self-custody for long-term holdings. Crypto gains are taxed at 30% with 1% TDS under current rules, and there is no SEBI protection. Verify the latest rules.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_crypto_a_safe_investment_after_this_hack\"><\/span><strong>Is crypto a safe investment after this hack?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Crypto remains high-risk. The hack shows exchange, custody and security risks on top of price volatility and regulatory uncertainty. Invest only money you can afford to lose and keep it small relative to your portfolio. This is not investment advice, so consult a SEBI-registered advisor.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How much was stolen in the Binance hack?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Binance said about $6.3 billion in client assets was affected, and TRM Labs estimated that about $6.36 billion was moved from Binance wallets across 10 blockchains, most of it in about 20 minutes. It is the largest crypto theft on record, ahead of the $1.5 billion Bybit hack in February 2025.\"}},{\"@type\":\"Question\",\"name\":\"Who is behind the Binance hack?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The FBI said on Saturday, 31 October 2026, that North Korea was behind the hack. TRM Labs and Chainalysis said the activity matches the group behind the Bybit attack, called TraderTraitor. Binance also pointed to features similar to earlier North Korea-linked attacks, such as pre-signed transactions and Tornado Cash funding.\"}},{\"@type\":\"Question\",\"name\":\"How much of the stolen money has been frozen?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About $3 billion has been frozen, including more than $2.3 billion frozen by stablecoin issuers Tether and Circle. About $3.3 billion remained unfrozen, per a Fundstrat estimate. Frozen funds may be returned if they can be traced and legally claimed, but recovery of the rest is uncertain.\"}},{\"@type\":\"Question\",\"name\":\"Will Binance users lose money?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Binance says it will absorb the financial impact, not users, and that about 95% of the stolen amount is covered through its SAFU fund of roughly $1 billion in Bitcoin, its corporate treasury and its futures insurance fund. Fundstrat said there is no significant solvency risk at present. Details can change as the investigation continues.\"}},{\"@type\":\"Question\",\"name\":\"Have Binance withdrawals resumed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. Binance suspended deposits and withdrawals on Friday, 30 October, while investigating, and said on 1 November that it had resumed withdrawals. Users should still use official channels only, enable two-factor authentication and beware of phishing messages claiming to help recover funds.\"}},{\"@type\":\"Question\",\"name\":\"How did the Binance hack affect Bitcoin?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bitcoin fell more than 4% to about $77,994.96 on Friday as the hack weighed on crypto markets. Analysts also pointed to higher US interest rates and weaker demand from exchange-traded funds. Crypto prices are volatile, and short-term moves after a hack can reverse or deepen.\"}},{\"@type\":\"Question\",\"name\":\"What should Indian investors do after the Binance hack?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Review which exchanges you use and whether they are registered in India, keep only what you need on any exchange, use strong security and consider self-custody for long-term holdings. Crypto gains are taxed at 30% with 1% TDS under current rules, and there is no SEBI protection. Verify the latest rules.\"}},{\"@type\":\"Question\",\"name\":\"Is crypto a safe investment after this hack?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Crypto remains high-risk. The hack shows exchange, custody and security risks on top of price volatility and regulatory uncertainty. Invest only money you can afford to lose and keep it small relative to your portfolio. This is not investment advice, so consult a SEBI-registered advisor.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance hack explained: $6.3 billion stolen in 20 minutes, about $3 billion frozen, FBI links North Korea, and what it means for Bitcoin and Indian crypto investors.<\/p>\n","protected":false},"author":35,"featured_media":334676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[18965,18967,18969,18966,18972,18968,18970,18971],"class_list":["post-334679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-hack","tag-binance-withdrawals","tag-bitcoin-price","tag-crypto-hack","tag-crypto-security","tag-north-korea","tag-safu-fund","tag-tether"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["334676"],"rank_math_title":["Binance Hack: $6.3 Billion Stolen, What It Means for Crypto"],"rank_math_description":["Binance hack explained: $6.3 billion stolen on 30 Oct 2026, about $3 billion frozen, FBI links North Korea, withdrawals resume. 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