Digital currencies: Billion-dollar hacker attack on cryptocurrency exchange Binance
According to experts, it is the largest hacker attack on a digital currency exchange to date. The leading marketplace Binance suspended deposits and withdrawals after the theft of $6.3 billion.
Binance, the largest digital currency exchange, has been targeted in a hacking attack with significant financial consequences. The attack affected assets worth approximately $6.3 billion, prompting the temporary suspension of all deposits and withdrawals. Binance assured users that their holdings are "safe" and that it will compensate for all losses, having already frozen around $3 billion worth of affected digital currencies with the help of partners.
According to TRM Labs, the attack was carried out by North Korean hackers from the TraderTraitor group, who managed to move a large portion of the stolen $6.36 billion within 20 minutes. This is considered the largest crypto hack to date, surpassing the $1.5 billion attack on Bybit in early 2025.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Theft: Possible hacker attack on cryptocurrency exchange Binance handelsblatt.com
