Binance says $6.3 billion stolen in biggest crypto heist in history
- In the largest security breach in cryptocurrency history, hackers drained an estimated $6.3 billion from Binance hot wallets across 10 blockchains in a coordinated attack lasting roughly 20 minutes on Thursday evening.
- Initial investigations indicate the breach originated from a compromised DevOps engineer's laptop, enabling the attackers to gain access to a service container, utilize Ethereum's EIP-7702 feature to authorize malicious contracts, and execute unauthorized withdrawals without compromising wallet private keys.
- Blockchain analytics firms TRM Labs and Chainalysis attributed the massive intrusion to "TraderTraitor," an elite North Korean state-sponsored cyber warfare unit, noting that stolen assets were rapidly swapped into Ether and mixed with funds from previous exploits.
- Binance immediately suspended all deposits and withdrawals, while coordinated intervention by the exchange, stablecoin issuers, and law enforcement successfully froze roughly $3 billion of the stolen assets on-chain.
- Binance stated it will fully cover all unrecovered user losses through its SAFU reserve and corporate funds, while the broader crypto market suffered sharp declines—wiping out $170 billion in market capitalization and triggering over $1.3 billion in leveraged liquidations within 12 hours.
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24 heuresThe cryptocurrency giant Binance said on Friday that he had suffered a "complex attack" that had caused "several breaches" in his security.
North Korean Hackers Steal $6.3B From Crypto Firm
The New York Times reports: Binance, the world’s largest cryptocurrency exchange, said on Thursday that it had halted withdrawals after it was attacked by hackers who made off with more than $6 billion in digital coins, in what could be the biggest crypto heist in history. The exact nature of the attack was not immediately clear. Binance’s founder, the crypto billionaire Changpeng Zhao, said it “does look like a hack,” while a company spokesman …
Bitcoin falls below $77,000, in a market that already showed a downward trend before the incident.
Crypto industry suffers 'largest bank heist in human history' as billions stolen in Binance hack
Cryptocurrency worth more than $6.3 billion (£4.7 billion) has been drained from one of the world’s largest digital asset exchanges in what industry observers are calling the biggest bank heist in human history. According to a report from Sky News, the security breach struck Binance, a dominant platform for trading digital assets, which said it […]
North Korean Hackers Steal Over $6 Billion From Crypto Exchange In Biggest Heist In Human History
There are a number of factors that have drawn people to cryptocurrencies, including a system that’s designed to make it virtually impossible for people to steal what’s yours. However, hackers in North Korea figured out how to infiltrate the world’s biggest exchange while claiming what is believed to be the largest heist ever staged. It’s […]
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