- An attacker moved approximately $6.36bn out of Binance wallets on ten blockchains on October 29, 2026, mostly within about 20 minutes starting at 20:05 UTC.
- TRM Labs calls the breach the largest crypto theft on record, about four times the $1.5bn Bybit hack of February 2025.
- TRM Labs attributes the attack to TraderTraitor, North Korea's elite hacking unit, with high confidence.
- Binance has confirmed a security incident and suspended withdrawals on several networks.
- Ballet Global founder Bobby Lee says the stolen bitcoin is probably impossible to recover.
Quotes
“The Bitcoin that’s lost, that’s all gone out into the hackers’ hands.”
“the largest crypto theft on record”