Bankinfosecurity Record $6.3 Billion Hack of Binance Attributed to North Korean Hackers
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- •Binance lost approximately $6.3 billion in a cyberattack attributed to North Korean hackers.
- •The attack exploited a compromised laptop of a DevOps engineer to execute unauthorized withdrawals.
- •Binance has suspended withdrawals and pledged to cover all user losses through its SAFU fund.
On October 29, 2026, Binance, the world's largest cryptocurrency exchange, suffered a massive cyberattack resulting in the theft of approximately $6.3 billion in digital assets. The breach was reportedly executed through a compromised laptop belonging to a DevOps engineer, allowing attackers to gain unauthorized access to the exchange's systems and initiate withdrawals across multiple blockchains. Blockchain intelligence firms TRM Labs and Chainalysis attributed the attack to North Korea's TraderTraitor hacking unit, known for previous high-profile crypto thefts. Following the incident, Binance suspended all withdrawals and deposits, pledging to cover user losses through its Secure Asset Fund for Users (SAFU) and company reserves. Approximately $3 billion of the stolen assets have been frozen by stablecoin issuers and other partners. The incident has raised significant concerns about the security of centralized exchanges and the ongoing threat posed by state-sponsored cybercriminals.
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North Korean Hackers Steal $6.3 Billion from Binance in Record Cyber Heist On October 29, 2026, Binance, the world's largest cryptocurrency exchange, suffered a massive cyberattack attributed to North Korean hackers known as TraderTraitor, resulting in the theft of approximately $6.3 billion in digital assets. The attackers exploited vulnerabilities in Binance's hot wallet system, allowing… 
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