Hackers Steal $6.3 Billion From Binance in Record Crypto Heist
What's happening
Hackers have taken between $6.3 billion and $6.36 billion in crypto from Binance, the world's largest cryptocurrency exchange, in the largest crypto theft on record. TRM Labs attributes the attack to North Korea's TraderTraitor unit, and stablecoin issuers froze about $2.67 billion linked to the incident while attackers still control roughly $2.4 billion in ETH and bitcoin. Binance disclosed the suspected hack and said firms have frozen more than US$2.5 billion in assets as it investigates, a theft that comes as digital assets are already under pressure from higher U.S. interest rates and weaker ETF demand.
Why it's trending
This is rising because the scale (more than $6 billion), attribution to North Korean actors, and billions frozen across blockchains make it the biggest, most consequential crypto heist to date.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If Binance couldn't stop a $6.3bn drain, crypto custody is not a solved problem yet, and that should spook every institution planning a big allocation to spot ETFs today.
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Original sources4
- Hackers Steal $6.3 Billion From Binance in Record Crypto Heist
Hackers have stolen $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in the biggest crypto theft ever. The attack breaks the previous record by a wide margin. It also comes at a hard time for digital assets, which were already under pressure from higher U.S. interest rates and weaker demand from exchange-traded fund buyers. […] The post Hackers Steal $6.3 Billion From
PYMNTSOct 30 - Binance loses $6.36bn in record hack, TRM blames North Korea
Stablecoin issuers froze about $2.67bn, but the attacker still holds roughly $2.4bn in ETH and bitcoin beyond their reach. Binance lost approximately $6.36bn across ten blockchains in what TRM Labs has called the largest cryptocurrency theft on record, with the blockchain intelligence firm attributing the attack to North Korea’s TraderTraitor unit. It is also the […]
Payment ExpertOct 30 - Hackers steal $6.3bn in crypto assets from Binance
The world's largest crypto exchange has fallen victim to the world's largest crypto heist after North Korean hackers stole $6.3bn from Binance, an audacious attack that could undermine confidence in the digital assets market.
FinextraOct 30 - Binance Probes Suspected Hack as US$2.54 Billion Frozen
Binance is investigating a suspected major hack after cryptocurrency firms froze more than US$2.5 billion in digital assets linked to the incident, AFP reported in a story carried by the New Straits Times. The world’s largest cryptocurrency exchange by daily trading volume disclosed the potential security issue on Thursday (29 October) and maintained that user [...] The post Binance Probes S
Fintech News SingaporeOct 30
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