Binance loses $6.4bn in a hack attributed to North Korea
About $6.36bn left Binance wallets on 10 blockchains on 29 October, most of it within 20 minutes, according to TRM Labs, which with Chainalysis attributed the theft to North Korea’s TraderTraitor.
Source published · In the Weekly Review of 1 November 2026
Filed under Markets
TRM Labs put the theft at about $6.36bn, moved out of Binance wallets on 10 blockchains, most of it in about 20 minutes from 20:05 UTC on Thursday 29 October. TRM and Chainalysis attributed it to TraderTraitor, the North Korean group the FBI blamed for the $1.5bn Bybit hack of February 2025; this theft is about four times larger.
Tether, Circle, Ripple and World Liberty Financial froze about $2.67bn in stablecoins, and Binance put the total frozen at about $3bn. The exchange said it had replenished 90% of affected assets.