North Korea's hacking unit is suspected in the $6.3B Binance drain, the biggest crypto robbery on record, and it reportedly took about 20 minutes. Exchange counterparty risk gets repriced again, custo

What happened: Hackers moved about $6.3 billion in crypto from Binance wallets across ten blockchain networks, mostly within 20 minutes. Two blockchain intelligence firms suspect North Korea's TraderTraitor unit. Key numbers: About $6.36 billion moved on October 29, 2026. Roughly 20 minutes for most transactions. Why it matters: TRM Labs said it attributes the attack to TraderTraitor with high confidence, and Chainalysis pointed to the same group. Binance called it a complex attack and began tracing stolen assets with investigators. Coverage: 15 outlets in 24h

Hackers moved about $6.3 billion in crypto from Binance wallets across ten blockchain networks, mostly within 20 minutes. Two blockchain intelligence firms suspect North Korea's TraderTraitor unit.

TRM Labs said it attributes the attack to TraderTraitor with high confidence, and Chainalysis pointed to the same group. Binance called it a complex attack and began tracing stolen assets with investigators.