Binance lost $6.3B in what TRM Labs calls the largest crypto theft on record, and the FBI pinned it on North Korea's TraderTraitor unit. Withdrawals are suspended, roughly $3B in assets was frozen, an

What happened: A U.S. blockchain intelligence firm said North Korea's TraderTraitor unit was likely behind a hack affecting more than $6 billion on Binance. Binance froze roughly $3 billion in affected assets and said it will cover all losses. Key numbers: About $6.36 billion moved out of Binance wallets on ten blockchains, most in about 20 minutes. Binance froze roughly $3 billion. Why it matters: TRM said the attack would be the largest cryptocurrency theft on record and matched earlier North Korea-linked heists. Chainalysis also believed the hack was likely done by TraderTraitor. Coverage: 6 outlets in 24h

A U.S. blockchain intelligence firm said North Korea's TraderTraitor unit was likely behind a hack affecting more than $6 billion on Binance. Binance froze roughly $3 billion in affected assets and said it will cover all losses.

TRM said the attack would be the largest cryptocurrency theft on record and matched earlier North Korea-linked heists. Chainalysis also believed the hack was likely done by TraderTraitor.