Crypto Industry Suffers 'largest bank heist in human history'

Friday, October 30, 2026

According to TRM Labs, which tracks the industry, digital assets worth more than $6.3bn (4.7bn) have been taken from Binance by North Korean hackers. This would be the largest cryptocurrency hack to date -- and one of the biggest in financial history.

Posted by retort at 09:58 AM | 6 COMMENTS | permalink | Comment on This Entry |

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BREAKING NEWS: Binance, the world's largest crypto exchange, said that it had halted withdrawals after hackers stole more than $6 billion.[image or embed]
" The New York Times (@nytimes.com) 7:00 AM Oct 30, 2026

Comments

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Because that's where the crypto was.
~ Willie Sutton

#1 | Posted by Doc_Sarvis at 2026-10-30 07:06 AM | Reply

Are they sure it was North Korea? Because I would have bet money it was Donald Trump who has a sordid history of too much and never enough.

#2 | Posted by Twinpac at 2026-10-30 07:12 AM | Reply

Clearly, crypto is designed to replace the Dollar, and is much easier to launder what passes for money through.
I wonder what happens when we wake one day and find that our banking system has been hacked similarly.
Too many times the smartest people in the room end up out of touch with reality.

#3 | Posted by Hughmass at 2026-10-30 07:31 AM | Reply

Crypto: working as designed.

#4 | Posted by Angrydad at 2026-10-30 08:00 AM | Reply

^ exactly.
The largest scam and Ponzi scheme in history.

#5 | Posted by e1g1 at 2026-10-30 08:57 AM | Reply | Newsworthy 1

Wow--that will buy a lot of nuclear arms and ballistic missile development.

Here's hoping the accounts of members of the Trump Crime Family all got tapped.

I'll close by reminding all, for the bajillionth time, that crypto currencies are not investments. They are vehicles for naked speculation and criminal activity, and nothing else...

#6 | Posted by catdog at 2026-10-30 09:31 AM | Reply