THE INDEPENDENT · 2026-10-30 08:32 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 with high confidence. Binance froze approximately $3 billion in affected assets and suspended deposits/withdrawals; founder CZ stated user funds are safe and will be fully covered. The theft, moving funds across ten blockchains in about 20 minutes, would be the largest cryptocurrency theft on record; experts say North Korea uses crypto hacking for foreign currency to fund its economy and nuclear program.

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