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cryptoBinancebitcoincybersecurityNorth 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 10/31/2026 | 703.95 |
| Change that session | -0.07% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/31/2026 | 77,582.02 |
| Change that session | +0.28% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/31/2026 | 2,255.66 |
| Change that session | +0.45% |
SOL/USDT
▼ Likely negativeSolana
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $59.7B |
| Close on 10/31/2026 | 95.54 |
| Change that session | -0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Live updates: Binance $6.3B hack linked to North Korea’s TraderTraitor
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.
- Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
Binance said it has covered up to 90% of the roughly $6.3 billion in tokens stolen from its hot wallets in a record crypto theft, and will keep buying the rest until coverage reaches 100%. The exchange said BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed, while the outstanding 10% consists of less liquid tokens outside its top 10. Funds come from its Secure Asset Fund for Users (SAFU), part of its Futures insurance fund and corporate treasury, and its next milestone is resuming withdrawals by Sunday, subject to security checks. The attack's method remains unclear: Binance first pointed to a compromised DevOps engineer's laptop, but co-CEO Richard Teng later said it involved a more complex process. TRM Labs pointed to North Korean hackers, citing similarities with the Bybit and KelpDAO hacks in April 2026.
- Binance Hack: Everything You Need to Know About the Biggest Crypto Heist in History
Attackers drained about $6.4 billion from Binance on Thursday, according to Chainalysis and TRM Labs, more than four times the previous record, the $1.5 billion Bybit heist in February 2025. Funds were pulled from Binance hot wallets across roughly 10 blockchains, mostly within about 20 minutes; Binance says the attack targeted its own infrastructure rather than the blockchains, and it has found no evidence that private keys were leaked. TRM Labs and Chainalysis both attribute the attack to TraderTraitor, a North Korean state-linked group. Binance says it will cover all losses with company funds and its Secure Asset Fund for Users, having set aside more than $6.34 billion, and has paused withdrawals to rebuild and retest its systems, aiming to restore them by Sunday. Tether and Circle have frozen roughly $3 billion in related assets, while Elliptic estimates the attacker still controls around $3.3 billion.
- Blockchain investigator Chainalysis hit by cybersecurity incident
Blockchain analytics company Chainalysis said it was targeted in a cybersecurity incident, similar to recent ones at other platforms. Its investigation so far found no evidence of unauthorized access to investigation content, authentication credentials, or session tokens, though some non-sensitive customer data was exposed. Chainalysis said it engaged third-party cybersecurity experts and is using large language models to review and strengthen its defenses, and that the incident is unrelated to the recent crypto theft at Binance. Cointelegraph reported that Chainalysis had mapped a network of Russian intermediaries that helped North Korean IT workers cash out millions of dollars in cryptocurrency. Chainalysis also said suspected North Korea-linked hacks accounted for almost 89% of reported crypto hack losses this year, up from 15% in 2021.
- Coinbase and Kraken Ramp Up Security After Massive Binance Hack
Crypto exchanges including Coinbase and Kraken moved to strengthen security and called for faster information-sharing after a record hack of Binance worth $6.3 billion, which analysts attribute to North Korea. Binance halted withdrawals and said it will use company funds to cover losses, with initial findings pointing to a compromised engineer's laptop that gave an attacker access to a service container. Tether froze nearly $1.57 billion linked to Binance and Circle froze $800 million, while Binance said about $3 billion in assets is frozen so far. Binance expects withdrawals to resume within 48 hours of its Friday update.
- World's Largest Crypto Heist: Hackers Steal $6.3 Billion From Binance in Just 20 Minutes
Binance, the world's largest cryptocurrency exchange, lost $6.3 billion to hackers in a record heist that TRM Labs and Chainalysis attribute to North Korea. According to the two firms, most of the attack took place within about 20 minutes starting late on October 29, with assets moved to wallets controlled by the hackers. Binance said the initial cause was a compromised laptop belonging to an engineer, that about $3 billion has been located, and that withdrawals are expected to resume within 48 hours, while it did not address the status of the remaining $3.3 billion. Bitcoin hit a six-week low of $76,368, Ether fell to $2,178, and BNB dropped 5% to $709.70.
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