'Elite North Korean hackers' blamed for $6.3B Binance hack

What happened: Binance suspended deposits and withdrawals after digital assets worth more than $6.3bn were reportedly taken in a security breach. TRM Labs attributed the attack to North Korea's TraderTraitor unit. Key numbers: About $3bn of affected assets located so far, with $3.3bn status unclear. Why it matters: TRM Labs called it the largest crypto theft on record, about four times the $1.5bn Bybit hack of February 2025. Binance co-founder Yi He said the company would cover all hacking losses, and Tether and Circle blacklisted addresses to freeze over $2bn. Coverage: 3 outlets in 24h

Binance suspended deposits and withdrawals after digital assets worth more than $6.3bn were reportedly taken in a security breach. TRM Labs attributed the attack to North Korea's TraderTraitor unit.

TRM Labs called it the largest crypto theft on record, about four times the $1.5bn Bybit hack of February 2025. Binance co-founder Yi He said the company would cover all hacking losses, and Tether and Circle blacklisted addresses to freeze over $2bn.