$6 Billion Binance Hack Bears Hallmarks of North Korea’s TraderTraitor
Binance, the world’s largest cryptocurrency exchange, has been hit by the biggest crypto heist ever recorded, and blockchain intelligence firms say North Korean state-sponsored hackers are the likely culprits.
Binance has put the damage at roughly $6.3 billion. TRM Labs, which followed each transfer on-chain, calculated about $6.36 billion siphoned from Binance wallets across ten blockchains on October 29. Most of the money left within roughly 20 minutes.
The haul dwarfs the $1.5 billion taken from Bybit in February 2025, which previously held the record. Binance has halted withdrawals and pledged to reimburse all losses using company funds and its Secure Asset Fund for Users (SAFU).
The exchange’s early findings suggest the intrusion may have started with an employee’s laptop.
“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...
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