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Stablecoin Freezes

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Binance 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.