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Business & Politics · 4 Beginner · October 30, 2026

Binance Hack: The Biggest Theft in Crypto History

Binance Hack: The Biggest Theft in Crypto History
Photo: Wikimedia Commons via Wikimedia Commons

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Vocabulary

hackers ˈhækərz noun
people who use computers to access systems without permission, often to steal information or money
Hackers stole 6.3 billion dollars from Binance.
digital money ˈdɪdʒɪtəl ˈmʌni noun phrase
money that exists only on computers and the internet, not as paper or coins
Binance is a website where people buy and sell digital money.
crypto ˈkrɪptoʊ noun
short for cryptocurrency, a type of digital money that uses special codes for security
Other crypto companies helped freeze half of the stolen money.
freeze ˈfriz verb
to stop money or assets from being moved or used
Other crypto companies helped freeze half of the stolen money.
criminals ˈkrɪmɪnəlz noun
people who break the law or commit crimes
Binance said it is working with police to find the criminals.
largest hack ˈlɑrdʒɪst ˈhæk noun phrase
the biggest successful attack or break-in to a computer system
This is the largest hack in cryptocurrency history.

Article

Binance is a big website where people buy and sell digital money. On Thursday, hackers stole 6.3 billion dollars from Binance. This is the largest hack in cryptocurrency history. The company said it will give the money back to its users.

How Did This Happen?

A hacker got into an engineer's laptop computer. The laptop was not safe. The hacker used it to steal money from Binance. Other crypto companies helped freeze half of the stolen money. But the hacker still has a lot of money.

Who Did This?

Two companies think North Korea did the hack. North Korea is a country with many hackers. The hacker group is called TraderTraitor. Binance said it is working with police to find the criminals. The company wants to stop them and get the money back.

Discussion Questions

  1. What is Binance and what do people use it for?
  2. How much money did hackers steal from Binance?
  3. How did the hacker get into Binance computers?
  4. Which country did the hackers probably come from?
  5. What did other companies do to help Binance after the hack?

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