Hackers stole an estimated $6.3 billion from Binance in what appears to be the largest cryptocurrency heist in history. Binance has suspended all withdrawals and linked the attack to North Korea's TraderTraitor unit, while the company has reserved over $6.34 billion in company funds to cover losses. Analysts estimate $3.3 billion of the stolen assets has been converted into untraceable digital forms for cashing out.
Background
This attack represents the largest crypto theft on record, surpassing previous records including the $1.5 billion Bybit heist in 2025. North Korean state-affiliated hacker groups have increasingly targeted cryptocurrency exchanges as alternative revenue sources amid sanctions.
- Source
- Ars Technica
- Published
- Oct 30, 2026 at 09:46 PM
- Score
- 9.0 / 10