Binance crypto exchange confirms major hack, more than $2.5 billion frozen
In this story
AI-generated illustration
The headline in each newspaper
- MYJOYONLINE: Crypto worth billions frozen after suspected Binance hack
- DAILY MAVERICK: Binance’s possible hack triggers $3 billion freeze in crypto assets
- THE JAPAN TIMES: Binance freezes more than $2.5 billion in assets amid suspected hack
In short
Al Jazeera and BBC News say Binance states $6.3 billion was stolen in one of the largest crypto heists on record, and Channels TV describes a complex attack.123 The New York Times reports the effect on markets, with crypto stocks tumbling, while The National links the case to the sector's dependence on the intermediaries it was meant to replace.45
AIMade at 00:51, only from the headlines. Each number links to the source headline. Written when the story had 11 newspapers; it is redone when new newspapers join. How it is made
Compare the papers
Common ground
- Binance was the target of a theft of crypto assets valued at $6.3 billion, according to several outlets from several countries.123+2455 newspapers from 5 countries
- The FBI attributes the attack to North Korea, according to outlets from several countries.678+8910311412131411 newspapers from 10 countries
- Binance says it has already covered a large part of the losses, according to outlets from several countries.123+25155 newspapers from 4 countries
Where accounts differ
- The value of the theft appears as $6 billion in some headlines and as $6.3 billion in others; outlets give both figures without stating the source.61011+21513
- According to Binance, covered losses are 90%, according to Geo News and The Guardian, or $6 billion, according to The Daily Star and Dawn.13515
- The Jerusalem Post says the value was stolen in 20 minutes; the other headlines do not mention this time frame.13
Background
- 2017Binance was founded in 2017 by Changpeng Zhao and has faced lawsuits and fines from regulators, including a $4.3 billion fine in November 2023.W
- 2024In July 2024, the Lazarus Group, linked to North Korea, was tied to an attack on the Indian exchange WazirX, in which about $234.9 million was stolen.W
- 2025In February 2025, the exchange Bybit lost $1.5 billion in a hack, until then the largest cryptocurrency theft on record.W
AIMade at 14:11 from 15 headlines from 13 countries; the background, from Wikipedia (CC BY-SA). Each number links to the source. Rules
The headlines, side by side
- MyJoyOnline · Ghana · 02:50Crypto worth billions frozen after suspected Binance hackRead at the newspaper ↗
- Daily Maverick · South Africa · 02:55Binance’s possible hack triggers $3 billion freeze in crypto assetsRead at the newspaper ↗
- The Japan Times · Japan · 02:45Binance freezes more than $2.5 billion in assets amid suspected hackRead at the newspaper ↗
- The Hindu · India · 03:50Binance crypto exchange confirms major hack, more than $2.5 billion frozenRead at the newspaper ↗
- ABC News · Australia · 04:05Billions stolen from Binance in largest ever crypto hackRead at the newspaper ↗
- Rappler · Philippines · 04:10Crypto exchange Binance freezes assets after $6.3-billion security breachRead at the newspaper ↗
- Dawn · Pakistan · 04:05Crypto exchange Binance freezes assets after $6.3 billion security breachRead at the newspaper ↗
- Geo News · Pakistan · 06:35Crypto platform Binance confirms major hack, more than $2.5bn frozenRead at the newspaper ↗
- The Sydney Morning Herald · Australia · 06:35‘Biggest hack in history’: Crypto giant freezes assets after $8.9b heistRead at the newspaper ↗
- The Guardian · United Kingdom · 07:30UK house price growth fizzling out; crypto industry rocked by $6.3bn Binance hack – business liveRead at the newspaper ↗
- The Times of Israel · Israel · 07:36World’s largest crypto exchange confirms $6.3 billion hack; analysts blame North KoreansRead at the newspaper ↗
- The Express Tribune · Pakistan · 08:05Binance freezes assets after $6.3 billion heist, crypto industry's biggestRead at the newspaper ↗
- BBC News · United Kingdom · 08:10What we know about Binance's $6.3bn hackRead at the newspaper ↗
- Channels TV · Nigeria · 10:00Crypto Platform Binance Confirms ‘Complex’ $6.3bn HackRead at the newspaper ↗
- Al Jazeera (state media) · Qatar · 12:50Binance says $6.3bn stolen in biggest crypto heist in history: What we knowRead at the newspaper ↗
- The National (state media) · United Arab Emirates · 13:31Binance's $6.3bn hack exposes crypto's dependence on the middlemen it was built to replaceRead at the newspaper ↗
- The New York Times · United States · 14:50Binance Hack Sends Crypto Stocks TumblingRead at the newspaper ↗
- CBS News · United States · 18:55$6.3 billion Binance hack may be largest cyber heist in historyRead at the newspaper ↗
- PBS NewsHour · United States · 15:25What to know about the $6.3B hack on Binance, likely the biggest-ever crypto theftRead at the newspaper ↗
Words in common
- crypto
- hack
- binance
- billion