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Binance hack: record US$6.3bn loss puts Lloyd’s crypto and cyber wordings in the spotlight

Binance hack: record US$6.3bn loss puts Lloyd’s crypto and cyber wordings in the spotlight

North Korea-linked hackers are blamed for the biggest crypto theft in history

Binance hack: record US$6.3bn loss puts Lloyd's crypto and cyber wordings in the spotlight

Key numbers

US$6.3bn (about £4.7bn): 
Binance’s estimate of the total impact

US$3bn: frozen so far with help from industry partners

US$3.3bn: still outstanding, including about US$2.4bn in bitcoin and ether

US$1bn–1.2bn: estimated size of Binance’s own protection fund

US$1.5bn: the previous record, Bybit, February 2025

Sterling conversions at about US$1.34. Figures approximate and changing.

Binance, the world’s largest…

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