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TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor - Decrypt

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Binance suffers $6.3 billion hack, largest crypto theft in history

Binance confirmed a security breach affecting approximately $6.3 billion in user funds across multiple blockchains, with the exchange pledging to cover all losses. Blockchain intelligence firms TRM Labs and Chainalysis linked the attack to North Korea's TraderTraitor group, while Tether and Circle froze over $2 billion in stablecoins.

Oct 29, 2026·8 sourcesStablecoinsCrypto securityCentralized exchange hackCybercrimeCrypto hacksHot wallet compromiseCrypto exchangesBlockchain analytics platforms
Binance suffers $6.3 billion hack, largest crypto theft in history
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Binance Pegs Hot-Wallet Losses at $6.3 Billion, Vows to Cover Them as TRM Points to North Korea - Unchained

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Binance hack began with a $296 million XRP drain after 36-hour preparation