KOREA TIMES · 2026-10-31 02:37 UTC

What to know about the $6.3 bil. hack on Binance, likely the biggest-ever crypto theft

Hackers stole over $6 billion from Binance in what analysts say is the largest cryptocurrency theft on record, with $6.36 billion moved across 10 blockchains in about 20 minutes. Binance set aside $6.34 billion to cover losses, froze approximately $3 billion in assets with partners, and promised to cover all user losses. Blockchain firms attributed the attack to North Korea-linked hackers (TraderTraitor unit); Binance's investigation pointed to a compromised laptop with additional breach points discovered later.

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