Hack history / 2019 / Hack or exploit
Binance
Hack or exploit on May 7, 2019 · Hot Wallet Key Compromised
SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$40M
dollars at the time
Returned
none listed
as the sources state it
Rank
#132
among thefts by dollars lost
What happened
On May 7, 2019, Binance's hot wallet private keys were compromised, resulting in theft of 7,000 bitcoin (~$40 million). The exchange halted transactions for one week and reimbursed all affected customers from its insurance fund.
Details
- Date
- May 7, 2019
- Kind
- Hack or exploit
- Method
- Hot Wallet Key Compromised
- How in
- Keys, accounts and infrastructure
- Target
- Centralized exchange
- Chains
- Bitcoin
After the theft
- Victims reimbursed
- yes, amount not stated
“The exchange halted transactions for one week and reimbursed all affected customers from its insurance fund.” (DefiLlama)
Reported by
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Binance Bridge 2022 · Hack or exploit · $570M
Binance accounting bug involving Helium tokens results in $19 million of erroneous payouts 2022 · Hack or exploit · $19M
Binance 2018 · Hack or exploit · undisclosed
Wallet linked to Binance deployer loses $27 million in apparent hack 2023 · Hack or exploit · $27M
Binance Bridge 2022 · Hack or exploit · $570M
Binance accounting bug involving Helium tokens results in $19 million of erroneous payouts 2022 · Hack or exploit · $19M
Binance 2018 · Hack or exploit · undisclosed
Cite this page
SwanBluechip, "Binance hack, May 7, 2019: $40M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht798f54174c/ (data as of 2026-10-31).