On October 29, 2026, about $6.4 billion in crypto left Binance’s hot wallets in a single afternoon. It is the largest crypto theft on record, more than four times the Bybit hack of 2025. The FBI has attributed it to North Korea.
Hacks like this make the headlines. Scams do more damage to ordinary people. Americans reported $11.4 billion in crypto fraud losses to the FBI for 2025, most of it to fake investment platforms, and Chainalysis estimates that scammers took $17 billion worldwide.
This page brings together the most reliable 2025 and 2026 figures and explains why the totals differ so much between reports. It also adds our own state-by-state analysis of the FBI data. Every number links to its source. Data as of November 4, 2026.
- The Binance hack of October 29, 2026 (about $6.4 billion) is the largest crypto theft on record. The FBI attributes it to North Korea; about $2.85 billion had been frozen or intercepted by November 4.
- Americans reported $11.37 billion in crypto-related fraud losses to the FBI in 2025, up 22%. That is more than half of all losses the FBI’s IC3 recorded.
- Crypto investment fraud cost Americans $7.23 billion in 2025, eight times the $907 million of 2021.
- People aged 60 and over reported $4.35 billion in crypto losses, 38% of the total, and two-thirds of all crypto ATM losses.
- Oregon lost the most per resident: $127.75, four times the US average of $31.02 (our analysis of FBI and Census data).
- Chainalysis traced at least $14 billion sent to crypto scams worldwide in 2025 and projects $17 billion. Impersonation scams grew more than 1,400%.
- North Korea has stolen about $7.4 billion in crypto in 2026, 85% of all hack value this year (TRM Labs).
- Violent “wrench attacks” on crypto holders took a record $58 million in 2025 (Chainalysis).
Source: Privacy Affairs · 2026-11-04