Binance estimates the total impact of the breach at about $6.3 billion, with roughly $3 billion in crypto frozen so far. Withdrawals are paused for a security overhaul and expected to resume within 48 hours, while deposits operate normally. The exchange said the breach may have started with a compromised DevOps engineer's laptop, though it found no evidence of a wallet private-key leak. Chainalysis, TRM Labs and other analysts attribute the attack to North Korea-linked TraderTraitor, and Chainalysis put the theft at $6.4 billion. Standard Chartered said the hack could push more trading toward decentralized exchanges such as Uniswap, while Bitcoin fell 4.9% over 24 hours to about $76,937.
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cryptobitcoincybersecurityBinanceNorth 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
Crypto investigators TRM Labs, Chainalysis and onchain investigator ZachXBT have linked the $6.3 billion Binance hack to North Korea’s TraderTraitor group. TRM Labs said it attributed the attack with “high confidence,” while ZachXBT said funds stolen from Binance and the earlier Bitget exploit were commingled at the same address after moving through THORChain, indicating the same actor is likely behind both. Chainalysis co-founder and CEO Jonathan Levin put the amount stolen at $6.4 billion, slightly above Binance’s estimated $6.3 billion impact, and said the group was likely responsible. The article also notes US authorities have tied TraderTraitor to major thefts, including the February 2025 Bybit hack and the more than $300 million DMM Bitcoin theft in May 2024, and that the FBI says the group targets employees through social engineering.
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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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