The biggest bank robbery of all time has hit the cryptocurrency market this Black October

The cryptocurrency world faces unprecedented hacking incidents, culminating in a historic breach of Binance, the largest crypto exchange, resulting in a theft of approximately $6.3 billion. Analysts labeled this event as the largest hack in history, coinciding with a month marked by numerous attacks on crypto platforms, often utilizing AI. The breach reportedly occurred through a developer's laptop, suggesting a phishing attack. Previously, the largest theft was $1.5 billion from Bybit in early 2025. Binance quickly froze around $3 billion in assets and reassured investors of their commitment to cover losses, although this only addresses half of the stolen amount. The company emphasizes maintaining its reputation for security through its SAFU fund, established in 2018, which currently holds about $1 billion.