BIZINSIDER · 2026-10-30 17:53 UTC

What smart people are saying about the Binance hack that siphoned away $6 billion in crypto

Hackers stole over $6 billion in cryptocurrency from Binance on Thursday; the company initially blamed a compromised engineer's laptop but later said the attack was broader in scope. Blockchain researchers from Elliptic and Chainalysis attributed the hack to North Korean-affiliated group TraderTraitor, which employed a self-destruct mechanism to hide tracks. Crypto executives including Coinbase CEO Brian Armstrong offered support; about $3 billion in stolen funds were frozen and $786 million converted to harder-to-trace coins.

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