Binance reports $6.3bn security incident and freezes $3bn after suspected North Korea hack
First published Fri, Oct 30
Ruled paragraphs are attributed to the outlet named in them, not stated as established fact.
Binance, the world's largest cryptocurrency exchange, reported a security incident affecting assets worth about $6.3 billion. The company temporarily suspended deposits and withdrawals and said it would cover any losses to users.123
Hackers breached the exchange's systems and stole cryptocurrency worth up to $5.5 billion by some accounts, which would make it the largest crypto theft on record. Binance confirmed the attack and said $3 billion in assets had been frozen so far.4
Platform partners froze slightly less than half of the total across blockchains. Analysts said the operation may have been carried out by the TraderTraitor group linked to North Korea, and the hackers reportedly broke into a technician's laptop and took the main funds within 20 minutes.56
Attributed claim: Accounts differ on the scale of the loss. Gazeta.uz put the stolen amount at up to $5.5 billion, while Spot and Anhor reported an incident affecting about $6.3 billion, and RZN.info said nearly $6 billion was withdrawn from the exchange.4517
