THE WEEK · 2026-11-02 13:05 UTC

The biggest crypto heist in history

Hackers stole $6.3 billion from Binance in what is believed to be the largest financial theft in history; Binance claims to have replenished 90% back to customer accounts. North Korean hacking unit TraderTraitor is attributed to the attack based on analysis by TRM and other researchers, though unconfirmed. Binance has frozen over $3 billion of stolen crypto and promised to cover all losses from existing funds, but recovering the assets may take months or years.

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