09.11.2026
The Binance hack caused damage in a single day equivalent to 12 years of attacks on crypto exchanges
The 2026 Binance hack became the largest incident in the history of cryptocurrency exchanges, resulting in $6.3 billion in losses—nearly as much as had been stolen over 12 years of attacks on all centralized platforms.According to the latest data, since 2014, hackers have carried out 118 successful attacks on centralized cryptocurrency exchanges, stealing a total of approximately $6.6 billion. However, a single incident involving Binance nearly matched this total, underscoring the scale of the threats and the difficulty of ensuring security even on the industry’s largest platforms.Experts note that modern attacks are becoming increasingly sophisticated, and the damage is more significant. The Binance hack sparked a wave of discussion about the need to strengthen cybersecurity measures, implement multi-layered defense systems, and mandate audits of smart contracts.
- Total losses from 118 attacks over 12 years: $6.6 billion
- Losses from the Binance hack: $6.3 billion
- Share of a single incident in total losses: over 95%