‘Elite North Korean hackers’ blamed for $6.3bn Binance hack – business live
Why This Matters
Key context: <p>Blockchain intelligence firm TRM says North Korea’s TraderTraitor hacking unit is responsible for the largest crypto theft on record</p><p><strong>TRM Labs, a blockchain intelligence firm that tracks the industry, has declared that an elite North Korean hacking unit called TraderTraitor was responsible for<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?page=with%3Ablock-6ae440178f08b59995dabff2#block-6ae440178f08b59995dabff2"> the security breach at Binance</a>.</strong></p><p><strong>TRM</strong> <strong>Labs</strong> have also calculated that the breach is “the largest crypto theft on record”.</p><p>On October 29, 2026, an attacker moved approximately $6.36bn out of Binance wallets on ten blockchains, most of it in about 20 minutes starting at 20:05 UTC. That makes this the largest crypto theft on record, about four times the $1.5bn Bybit hack of February 2025. Binance has confirmed a security incident and suspended withdrawals on several networks.</p><p>TRM attributes the attack to TraderTraitor, North Korea’s elite hacking unit, based on robust on and off-chain intelligence. We make this judgment with high confidence. TRM is tracking the funds and alerting partners through the Beacon Network.</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">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.
Blockchain intelligence firm TRM says North Korea’s TraderTraitor hacking unit is responsible for the largest crypto theft on recordTRM Labs, a blockchain intelligence firm that tracks the industry, has declared that an elite North Korean hacking unit called TraderTraitor was responsible for the security breach at Binance.TRM Labs have also calculated that the breach is “the largest crypto theft on record”.On October 29, 2026, an attacker moved approximately $6.36bn out of Binance wallets on ten blockchains, most of it in about 20 minutes starting at 20:05 UTC. That makes this the largest crypto theft on record, about four times the $1.5bn Bybit hack of February 2025. Binance has confirmed a security incident and suspended withdrawals on several networks.TRM attributes the attack to TraderTraitor, North Korea’s elite hacking unit, based on robust on and off-chain intelligence. We make this judgment with high confidence. TRM is tracking the funds and alerting partners through the Beacon Network. Continue reading...
Curation & Context
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