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Binance is suspected of suffering the largest hacking attack in history, with an estimated impact of $6.3 billion. The cryptocurrency market subsequently experienced severe volatility and large-scale liquidation.
"Big Brother Maji" Huang Licheng. (File photo)
[Finance Channel/Comprehensive Report] Binance, the world's largest cryptocurrency exchange, is suspected of suffering the largest hacker attack in history, triggering a violent panic and a tsunami of selling in the currency circle. "Big Brother" Huang Licheng once again became a victim of the cryptocurrency plunge. His position on the Hyperliquid platform was serially liquidated up to 8 times in just 6 hours, and the account balance was once only $1.5, sparking heated discussions.
Blockchain reported that according to on-chain analysis agency Lookonchain’s monitoring on October 30, Huang Licheng’s account on the decentralized derivatives trading platform Hyperliquid was forced to liquidate 8 times in just 6 hours. All positions were cleared, and the account balance at that time was only $1.5.
According to Hyperliquid’s public information, as of the afternoon of the 30th, this account has suffered a cumulative loss of approximately US$37.11 million since May 2025, including a loss of approximately US$7.95 million in the past 30 days.
The fuse of this bloodbath came from the world's leading exchange Binance, which was suspected of encountering the largest hacking attack in history. Binance stated that the total impact of this incident is estimated to be approximately US$6.3 billion, but it has collaborated with blockchain partners to freeze the affected assets, and currently has frozen approximately US$3 billion on the chain.
Suffering this heavy blow, cryptocurrencies plummeted. According to CoinGlass data on October 30, the amount of forced liquidation in the global crypto derivatives market in the past 24 hours once exceeded $1.5 billion, of which about 84% came from long positions. Ethereum once fell below $2,200, and Bitcoin (BTC) also dropped to about $76,460.

Binance, the world's largest cryptocurrency exchange, was hacked and suffered a record loss of $6.3 billion. U.S. analysts suspect that it was carried out by North Korean hackers. Binance has suspended withdrawals and promised full compensation. Currently, some assets have been frozen. The market has fallen overall due to this news.

Cryptocurrency exchange Binance was hacked, with assets worth $6.3 billion affected, the largest such incident in history. Binance promised to bear all losses and resume withdrawals after 45 hours, and the price of Bitcoin subsequently fell to a nearly one-month low.

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