The real lesson from the Binance heist goes beyond crypto
The National · 6 Nov 2026

The real lesson from the Binance heist goes beyond crypto

It is only a few days since what was initially termed a security incident at Binance, the world’s largest cryptocurrency exchange, resulted in deposits and withdrawals being frozen. Only hours later the attack was labelled as a $6.3 billion crypto heist. By dollar value, it was reckoned to be the biggest theft in history. The robbery was perpetrated after an exchange engineer’s laptop was compromised and hackers submitted a series of “unauthorised withdrawal transactions”, according to Binance.


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