THE INDEPENDENT · 2026-10-30 09:50 UTC

Binance hack: What we know about £4bn crypto heist

Binance, the world's largest crypto exchange, suffered a $6.3 billion security exploit with deposits and withdrawals suspended. US blockchain analysis firm TRM Labs attributed the attack to TraderTraitor, a North Korean state-sponsored hacking unit, based on on-chain and off-chain intelligence. Hackers stole approximately $1.5 billion in Bitcoin, similar amounts in Tether and USDC stablecoins, and under $1 billion in Ethereum across ten blockchains in about 20 minutes.

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