GoKawiilBinance Loses $6.36B in Hack Linked to North Korea's TraderTraitor Group
On October 29, 2026, an attacker drained roughly $6.36 billion from Binance wallets across ten blockchains, with most funds moved in about 20 minutes starting at 20:05 UTC. Binance confirmed a security incident and suspended withdrawals on several networks, while blockchain analysis firm TRM Labs says it has high confidence the theft was carried out by North Korea's TraderTraitor hacking unit. Issuers including Tether, Circle, Ripple and World Liberty Financial froze about $2.67 billion in stablecoins, and Arbitrum's Security Council froze roughly $30 million more, but the attacker still holds over $2.4 billion in ETH and BTC beyond recovery.
GoKawiil's interpretation of the reporting above, not reported fact.
The incident surpasses the $1.5 billion Bybit hack of early 2025, making it the largest crypto theft on record and raising fresh questions about exchange hot-wallet security. TRM's analysis suggests the attacker exploited an EIP-7702 delegation on Ethereum alongside what appears to be a broader compromise of Binance's signing infrastructure across multiple chains, which could prompt industry-wide reviews of multi-chain custody practices. The rapid asset-freezing response shows stablecoin issuers and networks like Arbitrum can intervene quickly, but the large sum the attacker still controls highlights the limits of such freezes once funds are converted or moved off-chain.
- About $6.36 billion was stolen from Binance across ten blockchains on October 29, 2026, the largest crypto hack ever recorded.
- TRM Labs attributes the theft with high confidence to North Korea's TraderTraitor hacking unit.
- Issuers and Arbitrum froze about $2.7 billion in assets, but the attacker still holds over $2.4 billion in ETH and BTC.
Ledger Nano X Hardware Wallet — Massive exchange hacks like this one are a stark reminder that keeping crypto on an exchange hot wallet carries real risk. A hardware wallet like the Ledger Nano X lets you hold your private keys offline, away from exchange infrastructure that attackers can compromise. It's a practical step toward self-custody for anyone rattled by headlines like this.
See Ledger Nano X Hardware Wallet on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: trmlabs.com — Trm Team, 2026-10-30
Published there as: “North Korea Steals USD 6.36B from Binance in the Largest Hack in History”
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