Binance Hack: What Happened and Where the $6.3 Billion Went
Investigators say the breach moved most stolen funds in about 20 minutes and that partners have frozen roughly $3 billion so far.
- On October 29, 2026, Binance suffered a breach involving approximately $6.3 billion in cryptocurrency, with analysts linking the exploit to a DPRK-linked hacking network.
- Preliminary investigations point to a compromised DevOps engineer's laptop that may have granted access to an internal service container, enabling unauthorized withdrawals via EIP-7702 authorizations.
- TRM Labs, Chainalysis, and Pangolin Intelligence attribute the attack to the DPRK-linked TraderTraitor group, while investigator ZachXBT linked stolen funds to a separate $388 million Bitget exploit.
- Binance pledged to cover all customer losses using its Secure Asset Fund and company resources, while industry partners have frozen roughly $3 billion of affected assets.
- Approximately 52.4% of the incident impact remains unaccounted for, creating a potential funding gap that complicates full reimbursement despite Binance's pledge to cover all losses.
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30 Articles
Experts point out that the attack on Binance was carried out by TraderTraitor, a group linked to North Korea.
How Attackers Raced to Move $6.3B
Attackers behind Binance’s estimated $6.3 billion hack still control billions of dollars in stolen cryptocurrency despite efforts by token issuers to freeze the proceeds. The attack, the largest in crypto history, began at 8:04 pm UTC Thursday and the perpetrators, linked to the same North Korean hackers behind last month’s Bitget hack, immediately began converting […]
The cryptocurrency trading platform was the victim of a flight estimated at US$6.3 billion.
At Binance, cryptocurrencies worth $6.3 billion were stolen, the most important questions and answers.
With 200 million customers, Binance is clearly the market leader among crypto exchanges. They all don't get their money at the moment. The reason is a hacking that stole billions of digital currencies – the attackers had a laptop for it.
DECRYPTAGE - The leader in digital money exchange platforms, Binance, has been the victim of an attack, the damage of which could reach $6.3 billion. If cryptoactives can be stolen by hacking, they must, like real dirty money, be laundered through complex operations.
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