TRM Labs and Chainalysis have both attributed the Binance hack to TraderTraitor, the North Korean group the FBI blamed for the $1.5 billion Bybit hack. TRM put the theft at about $6.36 billion, moved from Binance wallets on 10 blockchains mostly within about 20 minutes from 4:05 p.m. ET on Thursday, while Chainalysis put it at about $6.4 billion and saw stolen funds mixing with proceeds of the Bitget exploit. The attacker holds more than 420,000 ETH and 18,270 BTC, about $2.4 billion beyond any issuer's reach, while issuers including Tether and Circle have frozen about $2.67 billion in stablecoins. Binance has reserved more than $6.34 billion of company funds to cover losses, $5 billion of it already held in the stolen tokens.
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cryptoBinancecybersecuritystablecoinsNorth Korea
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: high
| 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
▼ Likely negativeBitcoin
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.
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