THE NATIONAL · 2026-10-30 10:12 UTC

How a $6bn hack became the biggest crypto theft in history

Binance lost $6.3 billion to hackers on October 30, the largest crypto theft on record, exceeding the $1.5 billion Bybit hack from February 2025. A compromised DevOps engineer's laptop was used to access hot wallets and submit unauthorized withdrawals across multiple blockchain networks; roughly $3 billion has been frozen. TRM Labs linked the attack to TraderTraitor, a North Korean hacking group; Bitcoin fell below $77,000 and Ether to $2,200 following the breach.

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