Binance co-CEO Richard Teng said attackers spent months infiltrating the exchange's systems, starting in June with a fake developer tool that compromised an engineer's device, followed by sham job interviews in September that delivered hidden malware. The intruders then moved through Binance's internal AI tools to gain access to wallet transaction authorization, resulting in the Oct. 29 theft of more than $6.3 billion in assets. Teng said Binance has restored 98% of the affected funds and is still buying back remaining illiquid assets.
cnbc.com
· 2026-11-03
Binance disclosed that attackers used a multi-stage social engineering campaign, including bogus job interviews, to compromise an engineer's computer, then used a hijacked internal AI tool to take control of two more employees' laptops. This access was used to drain Binance's wallets of $6.3bn in cryptocurrency, prompting the exchange to suspend global withdrawals until service resumed on Sunday.
bbc.co.uk
· 2026-11-03
Reports indicate a surge of crypto thefts and security incidents in recent weeks, with a $6.3 billion hack affecting Binance drawing the most attention. Numerous smaller breaches across the industry have reportedly gone largely unreported amid the focus on the larger incident.
gizmodo.com
· 2026-11-03
Binance published an incident report attributing its October 29 theft of roughly $6.34 billion in crypto to North Korean state-linked hackers tracked as TraderTraitor/Lazarus Group. The exchange says an engineer was lured via a fake recruiter on a legitimate job platform, underwent staged interviews, and was tricked into downloading a malicious coding assignment that installed custom malware, eventually compromising Binance's wallet infrastructure. The FBI has also attributed the attack to the same North Korean group.
bleepingcomputer.com
· 2026-11-03
Brazil's largest crypto exchange, Mercado Bitcoin, suspended all deposits and withdrawals on Monday after wallets it controls sent over $40 million to attacker-controlled addresses across at least 10 blockchains. The company says it has contained the breach, found no customer losses or data leaks, and is working with law enforcement while tracing the funds.
techreport.com
· 2026-11-03
Binance, the world's largest crypto exchange, suffered what appears to be the largest crypto theft ever, with hackers making off with $6.3 billion in digital assets. Since withdrawals reopened, users have pulled a net $3.64 billion from the platform, though Binance says this represents only 2.1% of its total managed assets and that activity has since stabilized. The FBI has attributed the breach to North Korea's TraderTraitor hacking unit, and Binance says it has already replaced 90% of the stolen funds while pledging to cover all losses.
entrepreneur.com
· 2026-11-02
Binance has resumed customer withdrawals after suffering what is being described as the biggest hack in cryptocurrency history. The exchange had paused the function while it investigated and responded to the breach.
wsj.com
· 2026-11-02
Binance customers pulled a net $3.64bn from the exchange on Sunday as trading resumed following a suspension triggered by what is thought to be the largest crypto hack ever, affecting $6.3bn in assets. The FBI and other bodies have blamed North Korea for the breach, and Binance says it has covered about 95% of the stolen funds while vowing to cover the rest.
bbc.co.uk
· 2026-11-02
Binance said it has begun resuming withdrawals in phases by network and asset type after freezing all deposits and withdrawals following a $6.3 billion theft from its wallets. The exchange said it has now covered 95% of the stolen funds and is still sourcing less liquid assets to cover the rest, pledging to absorb all losses itself rather than pass them to users. The FBI has attributed the breach to the North Korean hacking group TraderTraitor.
techcrunch.com
· 2026-11-01
The FBI attributed a theft of more than $6 billion in virtual assets from Binance around October 29, 2026 to North Korean hackers, naming the operation 'TraderTraitor.' Working with the Secret Service and IRS Criminal Investigation, the FBI said the stolen funds are being converted primarily into Ethereum ahead of further laundering through DeFi platforms and instant swap services.
theverge.com
· 2026-11-01
Binance reported it has replenished roughly 90% of the $6.3 billion lost in a security breach and committed to covering the remaining losses in full. The exchange said normal operations are expected to resume on Sunday.
news.slashdot.org
· 2026-11-01
Binance said it has covered roughly 90% of the approximately $6.3 billion in tokens stolen from its hot wallets in a theft disclosed Thursday, with major tokens like BTC, ETH, USDT, BNB and SOL now fully backed. The exchange said it is using its SAFU insurance fund, a portion of its futures insurance fund, and corporate treasury to replace the missing assets, and plans to resume withdrawals Sunday pending security checks.
cnbc.com
· 2026-10-31
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