Binance hacked for $5.6 billion; North Korea-linked group blamed
Briefing by News4U · First published
Toms Hardware reported that Binance.com was hacked for $5.6 billion in various cryptocurrencies, with withdrawals suspended until the situation is resolved. The outlet stated that Binance said user funds remain safe and that it will cover all losses. Toms Hardware added that TRM and an unnamed Pangolin Intelligence analyst attributed the attack to the North Korean group TraderTraitor, citing on-chain intelligence and similarities to prior incidents. The outlet listed the stolen amounts, noting that stablecoin issuers froze about $2.4 billion in USDT, USDC and RLUSD, while the remaining roughly $3.2 billion in other cryptocurrencies is likely unrecoverable. [1]