North Korea behind $6.3 billion Binance crypto theft, Blockchain analysis firm TRM says
Blockchain analysis firm TRM said that North Korean hackers were behind the $6.3 billion Binance crypto theft.
The largest crypto theft on record, amounting to $6.3 billion, was carried out by North Korean hackers, according to blockchain analysis firm TRM Labs. The attack targeted Binance, with the hackers attributing it to North Korea's elite hacking unit, TraderTraitor. TRM Labs reported that the attacker moved approximately $6.36 billion out of Binance wallets across ten blockchains, most of it within 20 minutes.
This hack surpassed the $1.5 billion stolen in the Bybit hack in February 2025 as the second-largest crypto theft. Binance initially suggested the security incident was connected to a compromised DevOps engineer's laptop, but they found no evidence of a wallet private key leak. The company promised to cover all losses from the SAFU fund and its funds, and is working with law enforcement to identify and apprehend the criminals.
The attack reportedly involved a compromised hot wallet signing infrastructure, with the attacker using pre-signed authorizations and funds being transferred to the attacker through ordinary signed transfers on nine blockchains.
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