World · 2 hours ago

Binance loses $6.3bn in hack, and North Korea is the likely culprit

voytek pavlik via Wikimedia Commons (Public domain)

Binance, the world's largest crypto exchange, said it would cover every customer loss after the theft, which experts call the biggest heist in history. Analysts at TRM Labs and Chainalysis say they have "high confidence" the Lazarus Group, a North Korean state-backed hacking unit also called TraderTraitor, was behind it.

By BriefTea Editorial · 31 October 2026 at 5:49

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