Blockchain intelligence firms TRM Labs and Chainalysis say the North Korean hacking unit TraderTraitor was likely responsible for an attack that moved roughly $6.3 billion out of Binance wallets across ten blockchains, much of it within about 20 minutes. Binance says it froze about $3 billion of the affected assets with partners, suspended withdrawals, and is beginning to restore funds to users while promising to cover all losses.
npr.org
· 2026-10-30
Binance, the world's largest cryptocurrency exchange, has frozen withdrawals after attackers stole roughly $5.6 billion across multiple cryptocurrencies including Tether, Bitcoin, Ethereum and Circle dollars. Security firm TRM has attributed the breach to TraderTraitor, a North Korean state-linked hacking group also blamed for last year's $1.5 billion Bybit hack. Binance says it initially traced the breach to a compromised laptop but has since found additional entry points, and insists user funds remain safe and losses will be covered.
tomshardware.com
· 2026-10-30
Binance disclosed a security incident affecting roughly $6.3bn of assets on its main platform, saying about half has since been frozen with help from other crypto firms. The exchange said early investigation points to a compromised engineer's laptop enabling unauthorised withdrawals, and it has suspended withdrawals while verifying the platform is secure. Binance.US said it was unaffected, and Binance pledged to cover all losses and release a full report once the probe concludes.
bbc.co.uk
· 2026-10-30
Pseudonymous investigator ZachXBT disclosed on X that he spent $349,700 of his own money over several months, starting March 6, 2025, to infiltrate a Chinese laundering syndicate tied to North Korea's Lazarus Group. Posing as a client under a Telegram contact named 'Jimmy Green,' he obtained addresses tracing over $12 million from the February 2025 Bybit hack, leading Tether to freeze 442,000 USDT linked to the funds.
techreport.com
· 2026-10-06
GoKawiil