AP · 2026-10-30 08:27 UTC

Blockchain intelligence firms link North Korea to $6.3B hack on Binance

Blockchain intelligence firms TRM and Chainalysis attributed a $6.3 billion theft from Binance to North Korea's TraderTraitor hacking unit, making it the largest cryptocurrency theft on record. Binance froze approximately $3 billion in affected assets and suspended deposits/withdrawals for security checks; founder CZ stated user funds are safe and will be fully covered. Experts note North Korea has turned to crypto hacking as a source of foreign currency to support its economy and nuclear program amid international sanctions.

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