Theage.Au Binance Hack: $6.3 Billion Stolen by North Korean Group
Article Content
- •Hackers stole $6.3 billion from Binance, attributed to North Korean group TraderTraitor.
- •Binance claims to have compensated 95% of affected users through its SAFU program.
- •Half of the stolen coins were frozen by law enforcement, but $3.3 billion is still unaccounted for.
On October 30, 2026, hackers stole $6.3 billion in tokens from Binance, the world's largest crypto exchange. The attack is attributed to a North Korean hacking group known as TraderTraitor. The hackers executed the theft by quickly moving tokens, with the entire amount withdrawn within half an hour. Binance has claimed to have covered 95% of the stolen value through its Security Asset Fund for Users (SAFU) program and resumed withdrawals shortly after the incident. Law enforcement managed to freeze half of the stolen coins, but $3.3 billion remains in circulation as the hackers attempt to convert it into usable currency. The incident highlights ongoing vulnerabilities in cryptocurrency exchanges and the challenges of tracking stolen assets in decentralized networks.
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