FORBES · 2026-11-05 15:52 UTC

How Crypto Companies Can Stop The Next North Korea Hack

North Korea's TraderTraitor unit stole $6.36 billion from Binance on Oct. 29, 2026, draining hot wallets across 10 blockchains in roughly 20 minutes after a months-long social engineering campaign. The attack began with a fake job opportunity and malicious coding assignment that compromised wallet engineers, eventually giving attackers access to the internal wallet signing service. North Korea has stolen $12.8 billion in crypto since 2017, with $7.4 billion in 2026 alone, accounting for 85% of all crypto hack value this year, with stolen funds reportedly funding ballistic missile programs.

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