Binance says $6.3 billion stolen in biggest crypto heist in history
Blockchain firms say the theft was linked to North Korea, while Tether and Circle froze more than $2.3 billion in related funds.
- On Thursday, Binance suspended deposits and withdrawals following a major security breach involving roughly $6.3 billion in digital assets across multiple blockchains.
- Preliminary investigations suggest the incident originated from a compromised DevOps engineer's laptop, which allowed attackers to submit unauthorized withdrawal transactions through a service container.
- Stablecoin issuers Tether and Circle froze approximately $3 billion in assets on-chain in coordination with law enforcement to prevent further movement of affected funds.
- Binance Co-CEO Richard Teng pledged the exchange would cover all customer losses using its Secure Asset Fund for Users and company reserves, even as Bitcoin and BNB declined.
- Blockchain intelligence firms TRM Labs and Chainalysis attributed the attack to TraderTraitor, a North Korean hacking group, citing similarities to previous state-linked cyberattacks.
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Largest Crypto hack of all time: In a period of about 20 minutes, hackers stole around $6.3 billion in digital coins from wallets belonging to the crypto exchange Binance. North Korean hackers are believed to have perpetrated the heist. North Korean hacking groups have repeatedly targeted cryptocurrencies and have successfully stolen hundreds of millions of […]
Binance confirmed a cyberattack with estimated losses of $6.3 billion. Know what will happen to the money and withdrawals of users
Inside Crypto’s Biggest Heist: 20 Minutes That Shook the Industry
Hackers stole $6.3 billion from Binance, the largest cryptocurrency exchange, in a significant digital theft. The theft occurred by draining cryptocurrencies from wallets used for transactions, according to Binance and blockchain analysis. Initially, Binance believed a compromised laptop was responsible for the attack, but further investigation revealed more points of breach. The exchange has a […]
North Korean hackers linked to Russia suspected in Binance crypto exchange hack
A North Korean hacking group known as TraderTraitor, or Lazarus Group, may be behind the theft of more than $6 billion from the Binance cryptocurrency exchange, according to analytics firms TRM Labs and Chainalysis, the BBC reported.
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