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Keywords
cryptocybersecurityBinanceNorth Korea
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $97.5B |
| Close on 10/29/2026 | 698.46 |
| Change that session | -8.08% |
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/29/2026 | 77,991.89 |
| Change that session | -4.12% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- North Korea’s TraderTraitor linked to $6.3B Binance hack
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Binance estimates the total value of affected assets at about USD 6.3 billion, higher than the initial analyst estimates of USD 5.6–5.7 billion. Elon Musk posted “Everyday is Zeroday” on X, a reaction described as unsurprised. Binance said the initial cause may be a compromised laptop of a DevOps engineer, which allowed attackers to access an internal service container and send unauthorized withdrawals; some blockchain analysts reported the use of EIP-7702 delegation to take control of Binance’s hot wallet 14. About USD 3 billion has been frozen, up from USD 2.54 billion, mainly thanks to Tether (over 1.567 billion USDT), Circle (over 800 million USDC) and Ripple (about 200 million USD). Binance stresses that USD 6.3 billion is not the final loss and pledges to fully compensate users using the SAFU fund and company capital.
- $6 billion Binance hack sends bitcoin, ether tumbling; Standard Chartered expects more pain
- More than $5.5 billion in crypto stolen as Binance faces biggest hack in history
Binance may have lost more than $6 billion in crypto in an attack that analysts describe as the largest in the industry's history. Chainalysis estimates the losses at $5.9 billion and TRM Labs puts them above $6 billion, while some security experts suggest the actual figure could be between $2 and $5.5 billion; the exchange has not disclosed the cause or total losses. Binance halted deposits and withdrawals and has frozen about $3 billion in related assets, with Tether, Circle and Ripple also freezing funds. Founder Changpeng Zhao said the incident appears to be a cyberattack and that user assets are safe, while co-founder Yi He said the company will cover all losses. Bitcoin fell about 2% to $77,646, BNB dropped more than 8% over 24 hours, and Coinbase shares fell 4.8%.
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