$6 Billion Binance Hack Bears Hallmarks of North Korea’s TraderTraitor
Source SecurityWeek
Description
Binance, the largest cryptocurrency exchange, suffered a record $6.3 billion crypto theft on October 29, 2026. The attack likely originated from a compromised DevOps engineer's laptop, allowing unauthorized withdrawal transactions without leaking wallet private keys. The attackers exploited multiple blockchains using valid signatures, indicating control over Binance's hot wallet signing system. Blockchain analysts attribute the attack with high confidence to North Korea's elite hacking unit, TraderTraitor. Approximately $3 billion of the stolen assets have been frozen by stablecoin issuers and security councils, while about $2.4 billion remain unfrozen. Binance is cooperating with law enforcement and has pledged to reimburse all losses using company funds and its Secure Asset Fund for Users (SAFU).