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Binance Hack: $6.3 Billion Stolen in Record Crypto Heist Linked to North Korea's TraderTraitor Unit

Blockchain analysts trace the largest crypto theft on record to Pyongyang's hackers as Binance freezes withdrawals and promises to cover every loss.

By Ecker Geopolitics Desk · Reviewed and edited by Brendan Ecker

· Updated · 1 min read

Location map of North Korea, whose TraderTraitor hacking unit is linked to the $6.3 billion Binance crypto hack

Hackers drained an estimated $6.3 billion to $6.4 billion from Binance hot wallets on Oct. 29, most of it in about 20 minutes, in the largest crypto theft on record. TRM Labs, Chainalysis and Elliptic link the attack to North Korea's TraderTraitor unit; about $3 billion has been frozen, and Binance says it will cover all losses.

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Binance · North Korea · Lazarus Group · TraderTraitor · crypto hack · Bitcoin · cybersecurity · sanctions

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