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After the $6.3 Billion Binance Hack, Exchanges Race to Reassure Users: Withdrawals, Security Checks and the MiCA Shift
What happened The largest crypto theft on record is now a test of the whole exchange industry, not just of one company. Binance's hot wallets were compromised at about 20:05 UTC on October 29, 2026, draining an estimated $6.3 billion in tokenized assets, and withdrawals have been paused since that evening. In its second incident update on October 30, Binance said it has set aside $6.34 billion...
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