Binance loses $6.3 billion in largest crypto heist as AI-driven attacks hit hundreds of firms

nypost.com —

A month-long hacking spree dubbed "Black October" culminated in a $6.3 billion theft from cryptocurrency exchange Binance, the largest heist in crypto history, attributed to North Korean hackers. The FBI confirmed the TraderTraitor unit stole the funds in 20 minutes via multiple breach points, including an engineer's computer. Binance said it has covered 90% of lost customer funds, while experts warn banks are likely next targets. The attacks hit hundreds of targets, including the Federal Election Commission, Sony, and John Deere. Experts link the surge to AI tools like Claude Code lowering skill barriers, with critical vulnerabilities found in PHP, a language powering over 70% of websites.


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Binance loses $6.3 billion in largest crypto heist as AI-driven attacks hit hundreds of firms | News Minimalist