NPR · 2026-10-31 18:11 UTC

A simple explainer of the massive $6.3 billion crypto heist at Binance

Binance, the world's largest crypto exchange, was hacked this week with cybercriminals stealing over $6.3 billion in cryptocurrencies in about 20 minutes. Experts widely believe a sophisticated North Korean military hacking unit called TraderTraitor was responsible, the same group behind a $1.5 billion Bybit theft last year. Binance has frozen about $3 billion in stolen cryptocurrencies and said it will reimburse affected customers, though details remain unclear.

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