Binance hacker’s Bitcoin holdings exceeding Coinbase’s corporate treasury drives high relevance.
Context
What happened: Binance confirmed a $6.3 billion hack, and Bitquery traced 18,270 BTC plus 508,621 ETH to addresses linked to the attackers.
Key numbers: 18,270 BTC worth roughly $1.4 billion across 19 addresses. Coinbase held 18,071 BTC combined as of Sept. 30, so the haul exceeded it by 199 BTC.
Why it matters: The attackers' Bitcoin holdings topped Coinbase's reported corporate treasury, and TRM Labs attributed the attack to North Korea's TraderTraitor group. Binance pledged to cover all losses and said investigators found additional breach points.
What changed
Binance confirmed a $6.3 billion hack, and Bitquery traced 18,270 BTC plus 508,621 ETH to addresses linked to the attackers.
Why it matters
The attackers' Bitcoin holdings topped Coinbase's reported corporate treasury, and TRM Labs attributed the attack to North Korea's TraderTraitor group. Binance pledged to cover all losses and said investigators found additional breach points.
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Oct 30, 2026 04:55 PM ET