Available reports describe a major Binance theft on October 29, 2026, with losses estimated at about $6.3 billion and roughly $3 billion frozen. Those figures come from Telegram reports summarizing PeckShield; the materials here do not independently verify the theft or its accounting. One report says the remaining assets included ETH, BTC and XRP, which could not be frozen, and that laundering had begun. PeckShield figures shared by BredoStrategy funds breakdown shared by Rickler Feed

Star Xu’s criticism, as summarized in the supplied post, was that CZ minimized responsibility while remaining Binance’s most prominent voice, leaned on the claim that only 2% of funds had left, and continued marketing deposits. Xu also objected to comparing exchange security with banks without accounting for different threat models, cited CZ’s argument with Elon Musk over SpaceX shares during the crisis, and mocked Binance’s “multi-layered protection” as increasingly a joke. He called for competitors to work together on security standards. The original X post could not be retrieved, so these are attributed summaries, not independently verified quotations.

The supplied account says CZ’s interview called for an industry security alliance with cross-audits and rapid freezes, and described the threat as national-security level. Later reports say Arbitrum’s council moved $30 million in funds without the attacker’s private key, Gate froze two accounts after suspected funds reached it, and Relay Protocol paused transactions to block stolen funds. The materials do not establish how much was ultimately recovered or confirm the attribution to North Korea.