Binance hack: “Reimbursement alone” is not enough, says Altcoin Pro co-founder

On October 29, 2026, hackers siphoned $6.3 billion from the world’s largest crypto exchange Binance, marking what blockchain analysts call the largest digital asset heist in history and potentially the single largest known theft of any kind. Summary Hackers stole $6.3 billion from Binance on October 29, with blockchain analytics firms attributing the attack to North Korean hackers linked to the Lazarus Group. Altcoin Pro founder Joni Zhuleku said the breach exposed serious weaknesses in exchange security, particularly in the systems responsible for approving transactions and preventing unauthorised transfers. Binance has pledged more than $6.34 billion in company resources to cover user losses, while approximately $3 billion linked to the attack has reportedly been frozen with industry partners. Zhuleku warned that reimbursing affected customers alone would not restore confidence, as Binance must also explain how the breach occurred and demonstrate that stronger security measures are in place. He also cautioned that the incident could have lasting consequences for investor trust, while urging exchanges to strengthen operational safeguards and users to remain alert to recovery scams...