Binance covers $6.3 billion loss from largest crypto hack attributed to North Korean military
On October 29, 2026, Binance suffered the largest cryptocurrency heist in history, with attackers stealing approximately $6.3 billion in about 20 minutes. Binance announced on November 13 that it has fully covered the lost assets using its own funds and the SAFU emergency fund, ensuring customers' balances remain intact as validated by its updated Proof of Reserves. Meanwhile, the US Department of Justice (DOJ) and other authorities have seized and frozen significant amounts of the stolen funds, with combined efforts locating around $3 billion. The FBI attributes the attack to the traderTraitor group linked to North Korea's military. This incident has shaken confidence in crypto security. Additionally, US authorities disrupted a cloud infrastructure used in a $400 million deepfake-based crypto fraud scheme targeting Web3 professionals.
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Binance covers $6.3 billion loss from largest crypto hack attributed to North Korean military
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On October 29, 2026, Binance suffered the largest cryptocurrency heist in history, with attackers stealing approximately $6.3 billion in about 20 minutes. Binance announced on November 13 that it has fully covered the lost assets using its own funds and the SAFU emergency fund, ensuring customers' balances remain intact as validated by its updated Proof of Reserves. Meanwhile, the US Department of Justice (DOJ) and other authorities have seized and frozen significant amounts of the stolen funds, with combined efforts locating around $3 billion. The FBI attributes the attack to the traderTraitor group linked to North Korea's military. This incident has shaken confidence in crypto security. Additionally, US authorities disrupted a cloud infrastructure used in a $400 million deepfake-based crypto fraud scheme targeting Web3 professionals.