North Korean group blamed for $6.3bn Binance hack in biggest ever crypto heist
Cryptocurrency exchange scrambles to freeze affected assets, with about $3bn located so far, and says it will cover loses Tell us: have you been affected by the Binance hack?
Key points
- Multiple crypto-tracing firms say notorious North Korean hackers TraderTraitor may be behind the largest digital heist in history—with billions of crypto likely gone for good.
- The company gave no update on the other $3.3bn as Binance’s co-founder Yi He said the company would cover “all hacking losses”.
Binance estimated the impact of a security incident at $6.3 billion, with around $3 billion in crypto assets frozen, and pledged to cover all losses.
Business live – latest updates The world’s largest cryptocurrency exchange has been hit by an industry-record $6.3bn (£4.7bn) hack, with experts identifying North Korea as the likely culprit.
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 →
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Every article behind this summary — 3 articles from 3 outlets
WiredOctober 30, 2026, 11:36 AM UTC →
CNBCOctober 30, 2026, 11:24 AM UTC →
The Guardian TechnologyOctober 30, 2026, 8:19 AM UTC →
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