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Binance Suffers "Largest Hack in History," Losing $6.3 Billion; Analytics Firm Attributes to North Korean Hackers
Cryptocurrency giant Binance stated on Thursday that its platform suffered "the largest hack in its history," resulting in $6.3 billion worth of digital assets being affected. Binance pledged to cover all losses and has frozen approximately half of the stolen assets with the assistance of other platforms. Analytics firms TRM Labs and Chainalysis attributed the incident to North Korean hacking group TraderTraitor, claiming this attack surpassed the $1.5 billion hack on Bybit exchange in 2025. Following this news, Bitcoin fell over 4%, with other major cryptocurrencies like Ethereum and Solana also experiencing significant declines.
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