North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’
Crypto platform Binance has suspended trading following a suspected hack now linked to North Korea.
Key points
- Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far Q&A: How big a deal is the $6.3bn crypto heist?
- Two analytics firms have attributed the incident to a North Korean hacking unit called TraderTraitor.
- The disruption has left users unable to trade on the cryptocurrency platform while the suspected breach is investigated.
Cryptocurrency giant Binance said on Thursday that $6.3bn (£4.7bn) of digital assets have been impacted by what is thought to be the biggest crypto hack on record.
The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.
Additional details
- The cyber-attack, which the company describes as complex, is believed to be the largest ever of its kind.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
Advertisement
Every article behind this summary — 5 articles from 3 outlets
BBC BusinessOctober 30, 2026, 9:13 PM UTC →
BBC BusinessOctober 30, 2026, 5:41 PM UTC →
The Guardian BusinessOctober 30, 2026, 4:35 PM UTC →
DW NewsOctober 30, 2026, 3:37 PM UTC →
BBC BusinessOctober 30, 2026, 9:33 AM UTC →
Get stories like this in your inbox.
Subscribe — it's freeOne free email at 6am — your topics, deduplicated, five minutes. No account, no paywall.