Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea

What happened: Binance says it has frozen around half of the funds stolen in a "complex" hack after $6.3bn was accessed. The company initially thought an engineer's laptop was compromised but later said the attack was wider. Key numbers: $6.3bn accessed; $3bn secured; eclipses a $1.5bn Bybit heist in 2025; Binance founded in Why it matters: Several analytics firms linked the hack to a North Korean hacking unit, and the US Secret Service said it is working to trace and recover the funds. Crypto history watchers noted the coverage pledge resembles messaging from FTX before its 2022 collapse. Coverage: 12 outlets in 24h

Binance says it has frozen around half of the funds stolen in a "complex" hack after $6.3bn was accessed. The company initially thought an engineer's laptop was compromised but later said the attack was wider.

Several analytics firms linked the hack to a North Korean hacking unit, and the US Secret Service said it is working to trace and recover the funds. Crypto history watchers noted the coverage pledge resembles messaging from FTX before its 2022 collapse.