WIRED · 2026-11-03 19:05 UTC

Binance Says Hackers Used Well-Known Tricks to Carry Out a $6.34 Billion Heist

Binance suffered a $6.34 billion hack on October 29, attributed to North Korean hackers (TraderTraitor group), with attackers using a fake job interview and malicious software download to compromise an engineer. The hackers exploited internal systems and an AI tool to gain access to wallet signing services, enabling unauthorized transactions across 10+ blockchains in 20 minutes. Nearly half the stolen funds were frozen by the cryptocurrency industry; Binance says it has set aside funds to cover losses and rebuilt affected systems.

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