Live updates: Binance $6.3B hack linked to North Korea’s TraderTraitor

What happened: Binance said about $6.3 billion in assets were stolen in a hack, with roughly $3 billion frozen. Investigators suspect North Korea's TraderTraitor group, and withdrawals are expected to resume within 48 hours. Key numbers: Estimated impact $6.3 billion. Frozen funds $3 billion. Why it matters: Chainalysis, ZachXBT, Blockaid and TRM Labs linked the attack to TraderTraitor, with ZachXBT citing commingled funds from the earlier Bitget exploit. Standard Chartered's Geoffrey Kendrick said the breach could push trading toward DEXs and kept his $100 UNI target for 2030.

Binance said about $6.3 billion in assets were stolen in a hack, with roughly $3 billion frozen. Investigators suspect North Korea's TraderTraitor group, and withdrawals are expected to resume within 48 hours.

Chainalysis, ZachXBT, Blockaid and TRM Labs linked the attack to TraderTraitor, with ZachXBT citing commingled funds from the earlier Bitget exploit. Standard Chartered's Geoffrey Kendrick said the breach could push trading toward DEXs and kept his $100 UNI target for 2030.