After Binance's US$6.4 Billion Hack, Hong Kong Fintech Week Seeks Solutions
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On 3 November 2026, the South China Morning Post business section reported that Binance suffered a historic hack involving US$6.4 billion. The report said attackers alleged to be North Korean hackers still hold more than US$3 billion in stolen assets. During Hong Kong Fintech Week, industry leaders are seeking ways to tackle cryptocurrency crime. Tim Way, global head of banking at Fireblocks, said every endpoint and server must be treated as potentially compromised and operations run on that principle. The matter currently centres on industry discussion of security measures, and the report did not mention other details on recovery of the stolen assets or confirmation of the attackers' identities.
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- 南華早報·商業After Binance's US$6.4 Billion Hack, Hong Kong Fintech Week Attendees Seek Crypto Security Fixes
After Binance's historic hack involving US$6.4 billion, industry leaders at Hong Kong Fintech Week are seeking ways to tackle crypto crime, with more than US$3 billion in stolen assets still in the hands of attackers alleged to be North Korean hackers. Tim Way, global head of banking at Fireblocks, said every endpoint and server must be treated as potentially compromised and operations run on that basis.
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