Binance Hack By North Korean Hackers

What happened

The outlets' own sentences, most widely reported first. Hover or tap one to see who reported it.

Analysis

How it changed

1. 29 Oct

   Binance is the world’s largest cryptocurrency trading platform by volume, with hundreds of thousands of users who buy, sell and store billions of dollars’ worth of digital currencies on the exchange.

   5 outlets · NBC News
2. 30 Oct

   While the precise losses were not yet known, it was clear the Binance hack was significantly larger than the next largest crypto theft on record, in February 2025, when the North Korean-linked Lazarus group stole approximately $US1.5 billion from another cryptocurrency exchange, ByBit.

   7 outlets · ABC News (Australia)

Coverage 19 articles

• 30 Oct What we know so far about the Binance hackBinance, the world's largest cryptocurrency exchange, was hacked in what is believed to be the largest crypto theft ever, with losses estimated at $6.3 billion. The breach occurred on Binance.com but not on its U.S.-specific platform. Initial investigations suggest a compromised DevOps engineer’s laptop provided attackers access to withdraw funds from user wallets. Richard Teng, co-CEO of Binance, confirmed the…BBC
• 30 Oct Binance's $6.3bn hack: How crypto insurance worksHackers stole $6.3 billion from cryptocurrency exchange Binance in a record-breaking theft, highlighting the challenges of insuring digital assets against cyberattacks. Cryptocurrency exchanges use specialized policies that cover thefts, cyber breaches, and other business risks specific to blockchain technology. However, insurance for this sector is limited due to regulatory uncertainty and volatile crypto markets…Dawn
• 30 Oct North Korean hackers steal $6.3B from Binance in ‘largest bank heist in human history’North Korean hackers stole $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in a rapid theft described as "the largest bank heist in human history." Binance confirmed the breach and stated it was working with law enforcement to address the issue. TRM Labs identified TraderTraitor, North Korea's elite hacking unit, as responsible for the attack, which involved moving approximately $6.36 billion…New York Post
• 30 Oct $6.3 billion Binance hack was likely work of North Korea, intel firms sayBlockchain intelligence firms TRM and Chainalysis have attributed the recent $6.3 billion hack of Binance, the world's largest cryptocurrency exchange, to North Korea’s elite hacking unit TraderTraitor. Following the incident, Binance suspended withdrawals while working with partners to freeze around $3 billion in stolen assets and announced it would cover all losses. The attack occurred over a short period…CBS News
• 30 Oct Binance says $6.3B US hacked in what could be largest cryptocurrency theft everBinance reported that hackers stole approximately $6.3 billion from its exchange, potentially making it the largest cryptocurrency theft to date. The attack involved multiple breaches, and a U.S.-based blockchain intelligence firm linked the incident to North Korea’s elite hacking unit TraderTraitor with high confidence. Binance suspended withdrawals and plans to cover all customer losses while working with law…CBC
• 30 Oct Binance flags 'potential security issue,' says approximately $6.3 billion impactedBinance, the world's largest cryptocurrency exchange, is investigating what appears to be a security breach affecting approximately $6.3 billion in assets. The company has frozen around $3 billion of affected funds and has halted deposits and withdrawals while it works with law enforcement and blockchain partners to address the issue. Binance suggests that an attacker gained access through a compromised DevOps…NPR
• 30 Oct Crypto exchange Binance freezes assets after $6.3bn 'complex' security breachBinance, the world's largest crypto exchange by trading volume, announced on Friday that it was addressing a significant security breach affecting approximately $6.3 billion in assets. The company stated that about half of this amount has been frozen to prevent theft and that investigations revealed multiple points of compromise beyond an initially reported single compromised laptop. Binance is collaborating with…Dawn
• 30 Oct Blockchain intelligence firms link North Korea to $6.3B hack on BinanceTRM and Chainalysis, blockchain intelligence firms, have linked a $6.3 billion theft at Binance to North Korea’s hacking unit TraderTraitor. This makes it the largest cryptocurrency heist recorded. Binance confirmed the incident and suspended trading while freezing about $3 billion of stolen assets with partners. The exchange's founder, CZ, assured users that funds are safe and losses will be covered, though…Toronto Star
• 30 Oct Binance estimates security breach impact at $6.3 billionBinance announced a security breach impacting approximately $6.3 billion in cryptocurrency assets, according to an initial investigation. The incident involved unauthorized access through a compromised laptop of one of their DevOps engineers, enabling withdrawals without affecting wallet private keys. Binance has suspended transactions temporarily and is working with law enforcement and blockchain partners to trace…ABC News (US)
• 30 Oct What we know about Binance's $6.3bn hackBinance, the largest cryptocurrency exchange, suffered a $6.3 billion hack, with half of the stolen assets being frozen while the rest remain in hacker control. Two analytics firms suspect that a North Korean hacking group is responsible for the attack, though Binance has not confirmed or denied these allegations. The BBC's Archana Shukla provides an overview of the current information available about this cyber…BBC

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