THE GUARDIAN · 2026-10-30 12:08 UTC

Binance hackers using 'never-seen-before laundering patterns' to hide proceeds of $6.3bn heist – business live

North Korean hacking group TraderTraitor stole $6.3bn from Binance in the largest crypto theft on record. Chainalysis reports hackers are using novel laundering patterns with thousands of automated transactions, repeatedly circulating funds between addresses to evade detection. Hackers attempted to convert $500m in freezable stablecoins to non-freezable assets like Bitcoin and Ethereum before authorities could freeze them, but industry partners froze funds faster than expected.

Loading the story on Tree News…