CNA · 2026-11-11 11:10 UTC

Analysis:Binance hack reveals crypto's uphill battle against hackers

An elite North Korean hacking group stole $6.3 billion from Binance on October 29, described by experts as the largest cryptocurrency theft ever. The attack reportedly unfolded in minutes after months of planning, and hackers may need to compromise only one employee to gain entry. Experts say the incident highlights weak internal controls and inconsistent security practices across the industry, with major crypto hacks totaling over $22.3 billion in stolen funds since 2021 according to Chainalysis.

Loading the story on Tree News…