Binance hit by record $6.3B hack, links to North Korea

Briefing by News4U · First published 2026-10-31 05:51:15 UTC

Binance confirmed a $6.3 billion hack on Thursday, the largest cryptocurrency theft on record, with blockchain firms TRM Labs and Chainalysis attributing the attack to North Korea’s TraderTraitor group. The exchange froze about $3 billion in affected assets with partners and suspended withdrawals, later saying deposits remain unaffected and will resume within a day or two. Binance stated it has set aside more than $6.34 billion in company funds, including $5 billion already held in the exact stolen tokens, and is buying additional tokens to cover the rest. [1] [2] [3] [4]

Sources

1. Binance says it holds $5B in matching tokens to cover hack losses

   Cointelegraph · 2026-10-30 12:41:43 UTC · Full text

2. Blockchain intelligence firms link North Korea to $6.3B hack on Binance

   NPR Business (Associated Press) · 2026-10-30 13:01:22 UTC · Full text

3. Hackers steal $6.3 billion from Binance in record crypto heist

   Ars Technica · 2026-10-30 13:46:39 UTC · Excerpt

4. Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea

   BBC Business · 2026-10-30 21:13:14 UTC · Excerpt

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