North Korean Hackers Steal $6.43 Billion from Binance in Record Crypto Heist

nzz.ch (German) —

North Korean hackers are suspected of stealing an estimated $6.43 billion in cryptocurrency from Binance, the world's largest exchange, in a 30-minute attack on Thursday evening, marking the largest crypto heist ever. Binance said it will absorb the financial losses, ensuring user assets are safe, and froze $2.85 billion with industry partners, while hackers retained control of $3.25 billion. The FBI confirmed North Korea's involvement, linking the attack to the state-sponsored group Trader Traitor. The hackers used complex methods, including testing transactions a day prior and converting frozen stablecoins into untraceable Ether via lending platforms. Binance temporarily suspended deposits and withdrawals, and Swiss partner Sygnum reported no impact.


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