Live updates: Binance $6.3B hack linked to North Korea’s TraderTraitor
Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.
Live updates reveal that Binance experienced a significant $6.3 billion hack, with around $3 billion of stolen funds frozen by industry partners. Chainalysis co-founder Jonathan Levin claimed the hack was likely carried out by North Korean hacking group TraderTraitor, citing similarities to a previous exploit. Chainalysis is still tracking the funds, while onchain investigator ZachXBT noted that the stolen funds from the Binance attack and the Bitget exploit were combined in a single address, implicating the same actor.
Binance has paused withdrawals and is reviewing security measures, expecting to resume within 48 hours. The exchange's initial investigation suggests a compromised DevOps engineer's laptop may have led to unauthorized withdrawals. Bitcoin, BNB, and Ether all experienced declines, while DeFi tokens also saw drops in value. The Bitcoin Fear and Greed Index fell to a "fear" level, signaling heightened market uncertainty.
Binance's freeze now stands at $3 billion, and the Arbitrum Security Council executed a transaction to freeze $30.5 million from the Binance exploit.
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- What we know so far about the Binance hack bbc.co.uk
- How the Binance hack happened and who was behind it? euronews.com
- Blockchain intelligence firms link North Korea to $6.3B hack on Binance winnipegfreepress.com
- Binance investigates potential multibillion-dollar hack cointelegraph.com
- TRM Labs attributes the Binance hack to North Korea-based TraderTraitor, which drained ~$6.36B from Binance wallets across 10 blockchains, mostly in ~20 minutes (Tom Westbrook/Reuters) reuters.com
- Binance "temporarily suspended" all deposits and withdrawals as it investigates security issues and works with law enforcement; Binance.US says it's unaffected (George Steer/Financial Times) ft.com
- Circle, Tether freeze funds impacted by potential Binance 'security issue' cnbc.com
- FBI and US Secret Service working with Binance after $6.3 billion hack, source says investing.com
