$6.3 billion Binance hack was likely work of North Korea, intel firms say
Summary
Blockchain intelligence firms said North Korea’s TraderTraitor hacking group was likely behind a theft of about $6.36 billion from Binance wallets across ten blockchains. Binance said it froze about $3 billion in affected assets, would cover losses, and expected to resume suspended withdrawals within a day or two.Key Facts
- TRM said the attacker moved about $6.36 billion from Binance wallets, mostly within about 20 minutes.
- TRM attributed the attack to TraderTraitor, a North Korean hacking unit, with high confidence.
- Chainalysis also said the hack was likely carried out by TraderTraitor.
- Binance said deposits were unaffected, withdrawals were suspended, and it would cover all losses.
- Binance said it had found no evidence that wallet private keys were exposed and would share more technical details after its investigation.
- TRM said the theft would be the largest cryptocurrency theft on record; Bybit lost $1.5 billion in a 2025 hack that the FBI attributed to North Korea.
- Binance founder Changpeng Zhao pleaded guilty in 2023 to a felony linked to failing to prevent money laundering, left his CEO role, and received a presidential pardon from Donald Trump in 2025.
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