The Bitcoin stolen from Binance is now worth more than Tesla's entire treasury holdings. The amount also dwarfs North Korea's annual trade.
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Keywords
bitcoincryptoBinancecybersecurityNorth Korea
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Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/01/2026 | 78,354.00 |
| Change that session | +1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Binance says phase one of withdrawals opens after $6.3B hack
Binance said it reopened the Bitcoin network in phase one of resuming withdrawals, after suspending user withdrawals following a hack of about $6.3 billion on Thursday that the FBI blamed on North Korean operatives. The exchange said it will reopen withdrawals in phases, prioritizing tokens based on user demand over the past week, with stability and security checks completed before each network reopens. Users may face congestion, longer processing times and temporary delays, so failed withdrawals should be retried after a short wait. Binance said on Saturday it had replenished 90% of the stolen assets, up from 80% a day earlier. Updates will be posted on its official X channel, and users can check the withdrawal page or the network status page.
- FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses
- 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.
- North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
According to Elliptic, North Korean hackers spread the $6.43 billion stolen from Binance across about 12,000 wallets on 11 blockchains in under four days, with more than 40,000 transactions. Thanks to fast freezes by Tether and Circle, about 44% of the funds, or $2.85 billion, has been frozen or seized, compared with roughly 3% after the $1.5 billion Bybit hack in February 2025, though about $786 million in stablecoins still got away. About $3.24 billion remains in linked addresses, and Elliptic expects the funds to be cashed out over months through over-the-counter brokers. The FBI has attributed the attack to TraderTraitor, a North Korean state-linked hacking group.
- Binance Hacked for $6.36 Billion. What's Next for Crypto?
Binance was hacked for about $6.36 billion, described as the largest crypto theft on record. Starting at 20:05 UTC on Thursday 29 October 2026, funds left its hot wallets across ten blockchains, most of them within about 20 minutes. The attackers prepared for at least 36 hours, withdrawing small amounts via Tornado Cash, then at 20:20 UTC pushed through 50 pre-signed withdrawal approvals, moving 167,464 ETH and 63 other assets, including 1.6 billion USDT. Binance first said a DevOps engineer's laptop was compromised, and co-CEO Richard Teng called it a “complex attack”; on Saturday 31 October, the FBI said North Korea was behind it, naming TraderTraitor, the unit it blamed for the $1.5 billion Bybit hack in February 2025. By 00:30 UTC on Friday, about $2.7 billion had been frozen.
- No proof of AI in North Korean hackers move of stolen Binance funds
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