Binance hit by record $6.3 billion hack
The world's biggest crypto exchange says about $6.3 billion in assets were hit in a hack that blockchain analysts link to North Korea.
Developing story. Details may change as more information is confirmed.
Binance, the world's largest cryptocurrency exchange, says about $6.3 billion in digital assets were affected by a hack on Thursday, in what is believed to be the biggest crypto theft on record. It far exceeds the roughly $1.5 billion taken from the Bybit exchange in 2025.
Funds began leaving Binance's online wallets on Thursday afternoon and were moved across several blockchains within minutes, according to blockchain analysis firms. Stablecoin issuers and other industry partners moved quickly to freeze assets, and Binance says about $3 billion has been frozen so far.
Two analytics firms, TRM Labs and Chainalysis, say with high confidence that the attack was carried out by TraderTraitor, a North Korean state-backed hacking group. Chainalysis said it saw funds from the Binance theft mixed with money from an earlier exploit at the Bitget exchange that had been linked to North Korea. Western security agencies have said North Korea uses stolen crypto to help fund its weapons programs.
Binance has paused withdrawals while it secures its systems and says they should resume within about two days. Deposits are working, the company says, and it has promised to cover all user losses. Its early investigation points to a compromised employee computer as a possible entry point, though investigators have since found other points of breach. This is a developing story.
This summary is original reporting by tehworldnews, written after checking the facts against several major international news outlets and official statements.