NEWSWEEK · 2026-10-30 10:53 UTC

World's Biggest Crypto Exchange Hit by Record $6.3 Billion Hack

Binance, the world's largest crypto exchange, suffered a $6.3 billion hack attributed to North Korea's TraderTraitor hacking group. The breach occurred after a Binance software engineer's laptop was compromised, allowing hackers to access the platform's systems and authorize withdrawals. BNB dropped 4.7% and Bitcoin fell 4.5% to $76,368 before recovering to $78,434; Binance suspended withdrawals following the incident.

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