Binance Hack Shows ‘Everyday Is Zeroday,’ Says Elon Musk: Attack on Platform Biggest Financial Heist in Crypto History

Investors and industry observers reacted to the at Binance on Thursday, which resulted in billions in estimated losses and could rank as the largest cryptocurrency hack in history.Binance’s Black ThursdayBinance said on X that the estimated total impact is roughly $6.3 billion, more than four times the amount lost in , i.e., the Bybit hack of 2025.The company added that assets worth around $3 billion have been frozen and that it is coordinating with law enforcement, stablecoin issuers like Tether and Circle Internet Group Inc. and industry partners to trace and freeze more funds.The company confirmed it’d “cover all losses” and users will not bear any financial impact.Binance’s preliminary investigation traced the hack to a compromised DevOps engineer’s laptop that enabled “unauthorized withdrawal transactions.”Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private… Elon Musk Reacts, Armstrong Extends SupportBinance founder and former CEO Changpeng “CZ” Zhao suggested the actual losses could be greater than initially reported.Loss might be a bit higher than that, but will cover. 🙏 In response to the hack, Elon Musk quipped, “Everyday is Zeroday,” a nod to the ongoing cycle of hidden vulnerabilities and exploitable gaps in digital systems.Everyday is Zeroday Coinbase Global Inc. CEO Brian Armstrong said the company has reached out to Binance to offer assistance, adding, “Moments like this call for the industry to work together.”Our team is doing everything we can to support in the current situation, including blocking sends to compromised wallets. We've also reached out to Binance to offer our help.Moments like this call for the industry to work together. Openly sharing any useful information and…The Biggest VictimsGlassnode’s on-chain analysis found USDT was the hardest-hit asset, with about $1.66 billion drained, followed by Bitcoin at $1.45 billion and USDC at $767 million.Significant amounts of Ethereum , XRP and SOL have also been drained.It looks like Binance was just hacked for around $5.3 billion worth of assets.The largest pieces:$1.66 billion in USDT17,985 , about $1.45 billion$767m in USDCETH and dozens of smaller tokens follow.The total is still a small part of what Binance holds on-chain. Price Action: As of this writing, BTC is down 3.20% in the last 24 hours to $77.385, to Benzinga Pro.Preview Photo courtesy: IAB Studio on Shutterstock.com