North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’

Why This Matters

Key context: <p>Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far </p><ul><li><p><a href="https://www.theguardian.com/business/2026/oct/30/crypto-heist-binance-who-did-it-are-investments-safe">Q&amp;A: How big a deal is the $6.3bn crypto heist?</a></p></li><li><p><a href="https://www.theguardian.com/business/2026/oct/30/tell-us-have-you-been-affected-by-the-binance-hack">Tell us: have you been affected by the Binance hack?</a></p></li><li><p><a href="https://www.theguardian.com/business/live/2026/oct/30/uk-house-price-growth-crypto-industry-6bn-binance-hack-eurozone-france-gdp-latest-news-updates">Business live – latest updates</a></p></li></ul><p>The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.</p><p>Binance said it would cover all customer losses as it froze $3bn of the affected assets.</p> <a href="https://www.theguardian.com/business/2026/oct/29/binance-crypto-exchange-hack">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.