TRM Labs attributes the Binance hack to North Korea-based TraderTraitor, which drained ~$6.36B from Binance wallets across 10 blockchains, mostly in ~20 minutes

Reuters 2026-10-30 Tom Westbrook

Context & Ripple Effects

TRM Labs had already found that North Korea-affiliated actors accounted for nearly a third of crypto thefts in 2023. The FBI later described TraderTraitor-linked activity behind attacks on Alphapo, CoinsPaid and Atomic Wallet, establishing a recurring threat pattern rather than an isolated exchange incident.

In February 2025, the FBI attributed the $1.5 billion Bybit theft to TraderTraitor. TRM Labs' attribution in the Binance case therefore connects the largest reported exchange loss in this corpus to an actor set that investigators had previously identified publicly.

First-order effects

Binance must investigate its potential security issue against a specific TraderTraitor threat model after TRM Labs said roughly $6.36 billion moved from its wallets across 10 blockchains.
TRM Labs' attribution gives Binance, its customers and counterparties a public basis to distinguish the incident from ordinary wallet outflows and focus scrutiny on the exchange's security controls.

Second-order effects

The earlier FBI attribution of the Bybit breach raises the pressure on Binance and other centralized exchanges to reassess defenses against the same actor set, rather than treating the event as a Binance-only operational failure.
The movement across 10 blockchains makes cross-chain tracing and coordination central to containment, increasing the value of blockchain-intelligence providers such as TRM Labs in exchange incident response.

Third-order effects

If repeated TraderTraitor attributions hold, major crypto exchanges will face security competition on their ability to detect and contain state-linked intrusions across multiple chains, not merely safeguard individual wallets.
The pattern points toward crypto-risk management being shaped by persistent nation-state-linked theft campaigns, with public attribution becoming part of how exchanges establish accountability after breaches.

The trend: Repeated attribution of major exchange thefts to TraderTraitor is pushing crypto security toward cross-chain monitoring and response built for persistent state-linked adversaries.

Discussion

TRM Labs TRM Labs on linkedin
At 20:05 UTC on October 29, approximately USD 6.36 billion began moving out of Binance wallets across ten blockchains, most of it in about 20 minutes. …
r/TrueAnon r on reddit
North Korean hackers stole 6.36 billion from Binance lmao
r/pwnhub r on reddit
North Korea Steals USD 6.36 Billion From Binance in the Largest Hack in History
@zephyr_z9 @zephyr_z9 on x
Best crypto trader in the world
NewsMax.com NewsMax.com on x
$6.3 Billion Hacked From Binance in Record Heist
@mkjrstad @mkjrstad on x
TRM Labs (@trmlabs) has attributed the record $6.36 billion Binance hack to North Korea's TraderTraitor. North Korea is known to have a preference for BTC, so they will probably dump all the ETH 📉 https://www.trmlabs.com/...
@jroosen Joe Roosen on x
TraderTraitor - DPRK yet again it seems. https://www.trmlabs.com/...
@inklaar @inklaar on bluesky
“Unlike many supposedly “multi-billion dollar” crypto hacks, where the headline figure relies on the notional value of illiquid assets that could never be sold for anywhere near that amount, the majority of these stolen assets were major stablecoins, btc, eth...” www.citationneed…
@jacobsilverman.com Jacob Silverman on bluesky
TRM estimates the Binance hackers have “about USD 2.4 billion in assets beyond any issuer's reach.” — www.trmlabs.com/resources/bl...
r/CryptoCurrency r on reddit
North Korea Steals USD 6.36 Billion From Binance in the Largest Hack in History
r/pwnhub r on reddit
The $6.3 Billion Binance Hack Was Pulled Off in Just 20 Minutes
r/atrioc r on reddit
North Korea Steals USD 6.36 Billion From Binance in the Largest Hack in History
@mattburgess1 Matt Burgess on bluesky
🧵 A short thread on North Korea's crypto hacking — The Binance hack is easily the biggest crypto hack of all time. — But the alleged links to North Korea really aren't a surprise, DPRK hackers have been going after crypto to help fund the regime for about a decade now
r/Bitcoin r on reddit
North Korea Steals USD 6.36 Billion From Binance in the Largest Hack in History
@binance @binance on x
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer's laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private…
@paoloardoino Paolo Ardoino on x
Tether froze more than 1.567B USDT related to a potential Binance exchange hack. Protecting the industry and our partners is our main priority. Stay safe everyone.
@cz_binance @cz_binance on x
User funds are safe! It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m). I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.
@binance @binance on x
Our teams are aware of reports of a potential security issue and are actively investigating. User funds are completely safe. Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have ve…
@jerallaire Jeremy Allaire on x
Circle is closely tracking reports of a potential exploit involving Binance. In coordination with law enforcement, we have frozen more than 800M USDC associated with the incident and will continue supporting the investigation.
@_richardteng Richard Teng on x
I want to speak to you directly about what happened. Bottom line - your money is safe, and we're covering every loss. Our initial investigation suggests this security incident may have started with a compromised DevOps engineer's laptop. That gave an attacker access to a service …
@binance @binance on x
As part of our ongoing security measures, Binance Alpha trading has been temporarily suspended - CEX Buy Token/Alpha instant/CEX purchase prediction marketing using fund in spot wallet. Trading will resume once the security issue is resolved. User funds remain safe. We'll keep yo…
@heyibinance Yi He on x
We are aware of reports of a potential security issue and we are actively investigating. Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information. Users should rem…
@binance @binance on x
Our teams are aware of reports of a potential security issue and are actively investigating. Our security teams are reviewing all relevant information with urgency, and we will provide updates through official Binance channels as soon as we have verified information. Users should…
@lookonchain @lookonchain on x
Attention! The Binance hacker is now dumping $PEPE, $UNI, $LINK, and other tokens on-chain for $ETH. Please note: The hacker still holds large amounts of the following altcoins, which could face heavy selling pressure: 217.497M $ENA ($39.51M) 7.579T $PEPE ($34.41M) 2.575M $LINK (…
@elonmusk Elon Musk on x
Everyday is Zeroday
@cz_binance @cz_binance on x
@elonmusk @HuaweiMate6 Elon, have a lot of respect for you, but bad time to troll. Please stop. Our SPCX shares (from our $500m investment in your Twitter takeover) are worth more than a billion. Would appreciate if you show a little support. Thanks!
@binance @binance on x
We are aware of differing figures circulating publicly regarding the amount frozen, including references to $1.8 billion. For clarity, the current verified total frozen is $2.54 billion. This figure may continue to increase as our teams work closely with law enforcement, issuers,…
@spreekaway @spreekaway on x
Unconfirmed, but possibly massive binance hack. Entire Binance wallet drained into new EOA. Contract call was funded by Tornado Cash
@nikitabier Nikita Bier on x
The largest crypto exchange in the world just experienced the largest robbery in human history—and the person running it is a nomadic autistic man in Dubai posting “Funds are SAFU!” What a time to be alive.
@brian_armstrong Brian Armstrong on x
Our team is doing everything we can to support in the current situation, including blocking sends to compromised wallets. We've also reached out to Binance to offer our help. Moments like this call for the industry to work together. Openly sharing any useful information and helpi…
@zachwitkoff Zach Witkoff on x
USD1 has taken proactive steps to freeze the $27 million in USD1 associated with the @binance hack. We stand by our industry partners. Protecting users and preventing bad actors from moving stolen funds is a shared responsibility.
@jconorgrogan Conor on x
I think the number is potentially up to $5.8B. Tether has blacklisted a large portion of this.
@buccocapital @buccocapital on x
They're all so close to getting it
@cz_binance @cz_binance on x
Loss might be a bit higher than that, but will cover. 🙏
@cz_binance @cz_binance on x
@cryptobball ... Rough math: $6.x b hack, $3b frozen, $1.x b SAFU fund Gap is about $2b, we have $1.x billion in SPCX alone. Remaining gap is (still painful, but) manageable. 🙏
@coinbase @coinbase on x
Coinbase is safe and secure. We're actively monitoring the Binance situation, and have reached out to their team to offer our support.
@bohines Bo Hines on x
This is what responsible leadership looks like. In moments of crisis, decisive action matters. Protecting users, preserving trust, and safeguarding the broader digital asset ecosystem must always come first. Proud of the Tether team for always stepping up when it matters most. [e…
@cz_binance @cz_binance on x
🙏🙏🙏 life saver [embedded post]
@cz_binance @cz_binance on x
Thank you! 🙏🙏🙏
@zerolore @zerolore on x
Tether is the most positive force in this industry. Their response time in these incidents is unreal. Doesn't matter if it's a major CEX or a small protocol, the urgency they apply is the same. The rest of the industry should be taking notes. [embedded post]
@hyperdailytk @hyperdailytk on x
Binance hack could be another catalyst pushing more attention toward Hyperliquid Whenever trust …
@llamarisk @llamarisk on x
An update on the Binance hot wallet hack and @aave's response. - What happened, - What we did, - Market impact, and - Next steps. https://governance.aave.com/ ...
@coffeebreak_yt Coffeezilla on x
$6 billion in stolen funds because of a compromised employee laptop? 😬 [embedded post]
@dontbsalti @dontbsalti on x
“your funds are safe” feel like I heard that one before [embedded post]
@mastrxyz @mastrxyz on x
You incompetent, non-MiCA-compliant CEX gave a single DevOps engineer access to $6.3 billion in funds. …
@devops_nk @devops_nk on x
One compromised DevOps engineer's laptop cost Binance an estimated $6.3 BILLION. …
@boringbiz_ @boringbiz_ on x
Binance users watching their money disappear in the largest heist in crypto history
@realallincrypto @realallincrypto on x
Such a bad look for the entire crypto industry [embedded post]
@tanuki42_ @tanuki42_ on x
I am confident this is UNC4899/TraderTraitor. Cybersecurity research firms @trmlabs and Pangolin Intelligence said the heist appears to have been conducted by North Korea's TraderTraitor hacking group. https://www.wsj.com/...
@ripchillpill @ripchillpill on x
I wouldn't trust Binance if my life depended on it at this point [embedded post]
@thetraderoom_ Mayank Raj on x
Feels like every other morning I wake up to another crypto exchange hack. Now reports of a massive hack at Binance. [embedded post]
@cagrimbakirci @cagrimbakirci on x
Binance got hacked and hackers stole at least 3 billion dollars worth of coins, in possibly the largest cryptocurrency hack of all times. https://www.wsj.com/...
@tayvano_ Tay on x
I don't think people can understand the scale of how big this hack was. The prior biggest hack ever was Bybit @ ~$1.5 billion. In the hours following this hack, 2x that amount was *frozen.* And theres still more than that that wasn't frozen. It's completely insane. 😭 [embedded po…
@patio11 Patrick McKenzie on x
This is probably going to be pretty bad for a while. How long? Nobody really knows yet. The backlog of vulnerable software seems to me to be ~decades in length and we have not yet reached anything like consensus on “Give AI alllll the keys; that will work things out.”
@skuullls @skuullls on x
Binance spent years telling users their funds were SAFU. But now, approximately $6.3 BILLION …
@mdudas Mike Dudas on x
if the largest exchange in crypto can lose more than $6 billion from a single employee's laptop, we're a clown car of an industry and should honestly take the ball and go home, surely there has to be something more complex than this at play, otherwise wtf are we doing here?
@justinsuntron @justinsuntron on x
We are closely monitoring the Binance security incident and will provide assistance at the earliest opportunity. @binance @cz_binance @heyibinance
@xbtoshi @xbtoshi on x
binance official post-mortem just dropped: $6.3b affected, caused by a single devops engineer's laptop getting compromised. …
@arpitrage Arpit Gupta on x
It's a dark forest in crypto, but will soon be a dark forest for everyone. Just a regression to a low trust society as everything gets hacked
@intcyberdigest @intcyberdigest on x
‼️ UPDATE ON THE BINANCE HACK: Whoever emptied a Binance hot wallet had 50 authorisations signed with that wallet's own private key, on-chain data shows. Under Ethereum's EIP-7702, an authorisation is a signed permission that lets a wallet hand control of itself to code. Each one…
@mattjay Matt Johansen on x
A single engineers laptop got popped and caused billions to be stolen. [embedded post]
@bybit_official @bybit_official on x
We're aware of reports circulating across social media regarding a security incident affecting multiple platforms. Bybit is not affected. Our systems are operating normally, trading and withdrawals remain available, and user assets remain secure. We are monitoring developments cl…
@xbtoshi @xbtoshi on x
The Binance $5.6B drain is a masterclass in modern EVM exploitation. It wasn't a complex logic bug. …
@seancasten Sean Casten on x
If you want to understand the crypto ecosystem just ask yourself how big the run would be if this happened to a real bank with real money on deposit. And compare that to what is happening here. https://www.wsj.com/...
@healthranger @healthranger on x
So because Binance got hacked with billions of dollars worth of crypto stolen, they may have locked up YOUR account, too. Y'know, just as a precaution. If you don't have self-custody, you don't own it! This largest robbery in human history just made the case — yet again — for phy…
@matthew_d_green Matthew Green on x
Cryptocurrency is like the technical heat shield for society. It's a big pile of money that attackers will burn before they go after everything else we care about.
@coffeebreak_yt Coffeezilla on x
Horrible hack today at Binance, looks like ~$5.8B+ drained, ~$2.5B frozen. Binance will survive thanks to their enormous size, & the freezes helping, but a smaller exchange would be toast. Scary times.
@pinkyndthegainz Pinky on x
Binance exploiter is using... metamask bridge?? That has to narrow this down to a total of like 10 people. [image] [embedded post]
@obrainarc @obrainarc on x
Protecting users means protecting the entire crypto ecosystem. Huge respect to @circle …
@danprimack Dan Primack on x
Wondering if this will become known as Crypto Halloween
@star_okx @star_okx on x
Circle and Tether did a Great job this time. The crypto industry, including exchanges …
@skesslr Sam Kessler on x
NEW: North Korea appears to have been behind today's $6.3 billion Binance hack according to cybersecurity researchers. h/t @trmlabs @tanuki42_ [Gift link] https://www.wsj.com/...
@icebergy @icebergy on x
somehow got the worlds fastest court order to freeze when it impact business but not for any of the other billions of hacks [embedded post]
@eddie_walker_ Eddie on x
Times like these show how important strong leadership really is, With @cz_binance , @_RichardTeng and @heyibinance I have faith in Binance and its team. Binance has assured users that their funds are safe and all losses will be covered through SAFU and company funds. There's alre…
@suburbandrone @suburbandrone on x
Something called the “Binance” just got hacked and it could be the largest Crypto fraud in history …
@patio11 Patrick McKenzie on x
Turns out Polymarket probably not the financial industry's largest operational loss today. I (regretfully) speculate this is not primarily because crypto is uniquely incompetent at software and simply because they're the lowest hanging fruit to successfully monetize.
@hamybinance @hamybinance on x
Users are protected. Recovery is underway. Transparency stays the priority. We'll keep sharing verified updates as the investigation moves forward. [embedded post]
@leveredusts Matt Dines on x
It's like the screenwriters aren't even trying anymore. Literally just giving the audience the same copypasta from the 2022 season. [image] [embedded post]
@simplykashif Kashif Raza on x
Richard Teng clarifies that the Binance hack went far beyond compromising one engineer's computer. Compromising an engineer's laptop was only the starting point. Investigation is still ongoing. [embedded post]
@fiskantes @fiskantes on x
Binance SAFU fund sits at around 1bn to 1.3bn Binance needs to pay the rest from company balance sheet The new NAV of the SAFU fund is thus - 1.7bn to -2bn [embedded post]
@theunipcs @theunipcs on x
the silver lining to all of this is that Binance will be fine i do not believe there is a systemic risk here Binance reportedly makes $16-$17 billion in annual revenue almost half of the total amount involved in the incident has already been frozen or is potentially recoverable t…
@crackerfun @crackerfun on x
this is why accountability matters. binance gets hit, and theres an institution, a face, and a team to answer for it. anon platforms get hit and your liquidity vanishes into a ghost town with nobody to look at. build on platforms with names, faces, and real infrastructure. cracke…
@nathanmccauley Nathan McCauley on x
On the Binance situation: we're aware, we're in touch with our clients, and we're unaffected. All assets held in custody at Anchorage Digital Bank and Anchorage Digital Singapore remain segregated, secure, and fully under our control. We're working with the industry to prevent fu…
@mert @mert on x
binance being the largest hack in internet history on the same day that druck and elon post about hyperliquid is some truly insane simulation shit
@0x_osprey @0x_osprey on x
Holy shit this is a full onchain movie Binance was fighting back in real time
@zachxbt @zachxbt on x
BREAKING: Arbitrum Security Council has executed a transaction to freeze ~$30.5M from the Binance Exploit. Thanks to all other signers involved. Exploiter address 0x3E2bf1ac6bf0934BBba6456C341c2EcbCED63 2d5 Trsanction hash: 0xb69c81774f507d46ce776aeaed8b4d31df96d d66ce6fd05073481…
@grady_booch Grady Booch on x
Great time for another sequel to Oceans 11. I'd call it Tokens 11 https://www.coindesk.com/...
@benbybit Ben Zhou on x
Bybit is unaffected and operating normally. User funds remain safe. We stand with @Binance and the broader crypto community during this time and offer our support. Security is a responsibility we all share, and our team is ready to support wherever we can.
@zachxbt @zachxbt on x
Update: This brings the total frozen for the Binance exploit so far to over $2.83B
@matthewmadera Matthew on x
After years of repeated CEX hacks, I still don't understand how outgoing transfers of this size …
@tiffanyfong Tiffany Fong on x
Aw shit here we go again [image] [embedded post]
@vxunderground @vxunderground on x
As chaos and mass confusion sweeps through the cryptocurrency and “prediction market” space …
@muneeb @muneeb on x
A master class in communication by CZ. As @lulumeservey preaches: go direct. People want to hear from the founder—a human voice in a time of crisis. Calm tone. Fast response. Starts with the most important line: user funds are safe. Acknowledges the hack. Direct line about the re…
@andrewcurran_ Andrew Curran on x
Tether CEO:
@investanswers @investanswers on x
From the horses mouth, the Binance hack is real. Looks like Tether and @circle have saved $1.8bn already. [embedded post]
@deestar @deestar on x
Binance hack confirmed Tether working Binance has recovered $1.794 billion while the attacker successfully > swapped ~700M USDT → ETH via uniswap pool > ~60M USDT parked in Aave to borrow ~19.8k ETH. > ~175M USDT was moved to a fresh address a total of $315 million in unfreezable…
@hansonbirringer Hans on x
Binance hot wallets were drained of $5.60B today across Ethereum, Bitcoin and Tron, 67 assets in total. Tether and Circle have so far frozen $2.38B of it: $1.56B USDT ($1.18B on Ethereum, $379M on Tron) and $823M USDC. Not frozen: 18,270 BTC ($1.45B), 197K ETH ($451M) and about $…
@theflowhorse Ryan Rossi on x
Hey thanks I think I will just use Dexes, Citi, and Goldman Sachs from now on! [embedded post]
@stevie_satoshi Steve Gregory on x
User funds on @BinanceUS are totally separate unaffected! @binance is a wholly separate entity and no asset custody is shared between us. [embedded post]
@mert @mert on x
this would be the largest crypto hack in history by at least a multiple if confirmed actually might be the largest cyberattack in general for all internet regardless of crypto one silver lining is that binance is rich enough to make everyone whole
@crediblecrypto @crediblecrypto on x
Looks like 1.7B of the hacked funds have been frozen, leaving a difference of 1-2B max. As previously mentioned, Binance paid 4B to the US gov not too long ago, 1-2B of funds is a hit, but not a death blow. Panic may be overblown. [embedded post]
@cryptogodjohn John on x
Funds are safe according to CZ Majority of the hacked funds have been frozen. I think this will be one big shake out and we can go higher from here if we close above 79,300 Above $80k would be really encouraging [embedded post]
@vxunderground @vxunderground on x
Cryptocurrency nerds now believe Binance has been compromised. The Binance compromise appears to have occurred at approx. the same time as the Polymarket compromise. However, details are still fuzzy as we are currently witnessing this massive crypto theft in real time. The estima…
@treenewsfeed @treenewsfeed on x
TreeAI flagged a possible theft from Binance Hot Wallets, withdrawing billions in over 60 tokens to an address funded by Tornado Cash, 16 minutes ago. Details are still unclear. Tx: 0x53bd38b816c23e74134786c29a8c18d792777 998a3b9326047b583100e88e2f3
James Ang James Ang on linkedin
The scale of the latest Binance hack is a stark reminder of how sophisticated and global crypto-related threats have become. …
Eric Leon Eric Leon on linkedin
Yesterday, Binance, the world's largest crypto exchange, suspended all deposits and withdrawals after being hit by what's being called the biggest crypto heist in history. …
@proflhunter Larry Hunter on bluesky
Crypto is the first practical way to steal $6B — www.coindesk.com/business/202...
@molly.wiki Molly White on bluesky
It looks like Binance is getting drained right now, across multiple hot wallets, for $2B and counting. — Pretty normal for exchanges to migrate wallets, NOT normal for them to then swap to Tether and dump [image]
@molly.wiki Molly White on bluesky
Binance founder Changpeng Zhao, who is legally not allowed to have any managerial role with the company yet still has remarkable amounts of inside knowledge into its goings on, has tweeted that Tether and Circle have frozen around $1.8B — (he's just a shareholder, you see) [ima…
r/technology r on reddit
Binance Founder Says Exchange May Be Victim of Biggest-Ever Crypto Heist
r/anime_titties r on reddit
Binance loses $5.7 billion in largest crypto hack to date
@binance @binance on x
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds. The company has already publicly committed to cover losses through compan…
@saylor Michael Saylor on x
Binance has committed its own balance sheet to making customers whole. I expect it to deliver. Our industry will learn from this incident, strengthen security, and emerge stronger and more resilient. [embedded post]
@cz_binance @cz_binance on x
Seems token recovery already began. Another little detail in addition to the effort described, users pay trading fees on Binance in the coins they trade, so Binance's naturally accumulates all tokens they list. Your funds are SAFU! [embedded post]
@heyibinance Yi He on x
Binance's SAFU fund and Binance's holdings include a large amount of assets such as BTC and ETH. …
@pancakeswap @pancakeswap on x
We're with the Binance team and everyone responding to today's security incident. We appreciate the efforts across the ecosystem to support affected users and protect the community. PancakeSwap has not been affected. Our contracts and services are operating normally, and we're mo…
@hosseeb Haseeb Qureshi on x
Reflecting this morning on how different this hack feels from how FTX felt. Market is only down a few percent. …
@runecrypto_ Rune on x
that was quick binance has already recovered most of the token loss and they're also market buying missing tokens to refill the hot walelts [embedded post]
@mark_a78 @mark_a78 on x
This is how you handle a crisis. Binance put up $6.34B of its own money, froze $3B with partners, and promised full public verification. Trust gets built in moments like this. [embedded post]
@kosso.co.uk @kosso.co.uk on bluesky
Their ‘SAFU’ fund, created for times like this apparently only has about $1.2b in it. So they're going to have to take a hit.
@niedermeyer.online E.W. Niedermeyer on bluesky
haters forced to admit that 6.34b>6.3b [embedded post]
NullTX Will Izuchukwu on x
Nearly Half of the Stolen Binance Basket Had a Freeze Button
@binance @binance on x
We are working non-stop to resolve this issue. Binance will cover all losses. As a precaution, all deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement. We are working around the clock and will s…
@heyibinance Yi He on x
User funds are safe. Binance will cover all hacking losses. Deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement. We will share a full post-mortem once the investigation is complete. Please rely …
@binance @binance on x
Our team is conducting security checks. Withdrawals will resume as soon as the security issue is fully resolved. User funds remain safe. We'll keep you updated. Thank you for your patience.
@binanceus @binanceus on x
https://binance.us/ is not affected by the reported https://binance.com/ security incident. We are a separate, independent platform, and customer funds and services are secure and operating normally. Rest assured, all user funds are safe.
@eowynchen Eowyn on x
Our teams are working around the clock on this security issue. I want to be direct: user funds remain SAFE. …
@simplykashif Kashif Raza on x
Binance has issued a new statement following the recent security incident. Temporarily suspended all deposits and withdrawals while security checks are underway. Binance says it will cover all losses and that user funds are safe. [embedded post]
@goplussecurity @goplussecurity on x
🚨 GoPlus Security Alert: Binance Multi-Chain Hot Wallet System Compromised Approximately $5.8B …
@luigidemeo Luigi D'Onorio DeMeo on x
Great news. Also remember that whatever exposures Binance had was user funds so they are currently short those specific tokens and will need to buy them back. [embedded post]
@coldbloodshill @coldbloodshill on x
Actually an unreal space we work in. I hope anyone affected gets a speedy and positive resolution. Another nail in the crypto bear case. But getting users sorted is the first priority. [embedded post]
@eth_apple @eth_apple on x
Woke up, saw the hack news, checked my balance... = Liquidated On October 10, 2025 …
Pang Chiang Pang Chiang on linkedin
Binance's estimated $6.3 billion security incident raises a question every financial services executive should consider: How well protected is the entire process that moves customer money? …
Mark Bower Mark Bower on linkedin
The criticality of strong security for blockchain operations cannot be understated. This is new and details scarce, but hot wallets …
Benjamin Quinlan Benjamin Quinlan on linkedin
Another day, another “unprecedented” meltdown in crypto-land. — If you haven't seen the headlines today, Binance just got hit by what is tracking to be the largest …
@jacobsilverman.com Jacob Silverman on bluesky
Pausing withdrawals is usually a sign of a liquidity issue or precedes other bad news. — techcrunch.com/2026/10/29/b...
r/CryptoCurrency r on reddit
Binance halts withdrawals after record $6.3bn heist
r/stupidpol r on reddit
Binance pauses withdrawals as hackers suspected of stealing billions in crypto
@chainalysis @chainalysis on x
Our investigators are observing never-seen-before laundering patterns with the stolen funds from the Binance exploit. Thousands of transactions in a short period suggest that the attackers are using automation to obscure the trail of funds. Rather than simply moving funds onward,…
Ari Redbord Ari Redbord on linkedin
This is moving so fast, I had to repost. — Updated numbers at 10:30 PM ET. — 🚨 Breaking: TRM Attributes North Korea in record USD 6.36 Billion Binance Hack …
Richard Teng Richard Teng on linkedin
An update on the security incident.
@starplatinum_ @starplatinum_ on x
It's pretty clear that Elon Musk can't stand CZ They've been taking shots at each other for years. …
@eleanorterrett Eleanor Terrett on x
🚨NEW: Lots of people are asking: “Binance just got hacked for $6 billion. How can they say funds are safe?” …
r/cybersecurity r on reddit
North Korea Steals USD 6.36 Billion From Binance in the Largest Hack in History | TRM Labs
@roaringragnar Ragnar on x
Serious question: what's the point of holding assets that can be frozen at any time? I understand that freezing is useful in such scenarios, but not sure this is helping to build confidence long-term. What if one day such freezes will be performed for political, demographic or be…
r/Hasan_Piker r on reddit
North Korea Acquires Reparations for Decades of Unjust Trade Embargoes and Sanctions - USD 6.36 Billion From Binance in the Largest Hack in History
r/SRPressDemo r on reddit
Blockchain intelligence firms link North Korea to $6.3B hack on Binance
@jacqmelinek Jacquelyn Melinek on x
New chart from @Chainalysis shows how the @Binance hacker tried to outrun stablecoin freezes. The attacker sent $500M in stablecoins to a wallet set up to swap them, converting $325M into $285M of ETH, which can't be frozen, over nearly 20 minutes. The other $175M was moved to a …
@depression2019 Jack on x
This will be looked back at as one of the first large real world use case of agentic money laundering Pretty fascinating
@criptolawyer @criptolawyer on x
Agentic money laundering
@chainalysis @chainalysis on x
We are actively investigating the potential exploit of Binance in coordination with industry partners. At present we are monitoring funds moving across multiple blockchains, including Bitcoin, Ethereum, Tron, and a number of L2s, and will support Binance throughout this investiga…
Jonathan Levin Jonathan Levin on linkedin
DPRK is up to their old antics, similar attack vectors of infecting a network and moving through to the wallet signing process …
@lista_dao @lista_dao on x
Our respect and support go to the Binance team and all the builders handling today's security incident. Watching the ecosystem move quickly to support users has been a reminder of why we build here. For our community: Lista has not been affected. All products are operating normal…
@arunimaganguly2 Arunima Ganguly on x
6 years ago, @cz_binance said binance used multi-sig, tss, and other security technologies to eliminate single points of failure. …
@y2skot @y2skot on bluesky
Stealing $6 billion in half an hour. And to think crypto-bros think regular money should be replaced with this imaginary alternative. [embedded post]

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