How the Binance hack happened and who was behind it

What happened: Investigators say hackers stole about $6.3 billion from Binance, the world's largest crypto exchange, in what is being described as the biggest hack in history, with signs pointing to North Korean actors. Key numbers: $6.3 billion (€5.6 billion) Why it matters: TRM Labs attributes the attack to the North Korean group TraderTraitor with high confidence, and the incident is the latest in a series of October cybersecurity events that experts largely blame on expanding use of AI to find vulnerabilities. Binance says it will cover all losses and resume withdrawals in 45 hours. Coverage: 5 outlets in 24h

Investigators say hackers stole about $6.3 billion from Binance, the world's largest crypto exchange, in what is being described as the biggest hack in history, with signs pointing to North Korean actors.

TRM Labs attributes the attack to the North Korean group TraderTraitor with high confidence, and the incident is the latest in a series of October cybersecurity events that experts largely blame on expanding use of AI to find vulnerabilities. Binance says it will cover all losses and resume withdrawals in 45 hours.