Binance recovers 98% of $6.3 billion stolen in North Korean-linked hack

Binance co-CEO Richard Teng said hackers used fake job interviews and a compromised internal AI tool to steal $6.3 billion in crypto, the largest attack on the exchange, with 98% of affected assets replenished. The Oct. 29 attack began in June when attackers lured an engineer into installing tampered software, then posed as recruiters in September to deliver malware via a coding exercise, gaining access to wallet authorization systems. Binance has frozen about $3 billion with partners like Tether and Circle. The FBI linked the attack to North Korean hackers in the TraderTraitor group, though Teng did not directly attribute it. Binance has rebuilt affected systems, restricted some withdrawals, and pledged to cover all customer losses while working with law enforcement.