Binance $6.3 Billion Hack Blamed on North Korea in Record Crypto Heist
Binance says hackers drained about $6.3 billion from its wallets on Thursday, in what investigators now call the largest crypto theft ever recorded. The world’s biggest crypto exchange put the estimated impact at $6.3 billion, while blockchain firm TRM Labs traced $6.36 billion moving out of Binance wallets across 10 blockchains. Most of the money moved in about 20 minutes, TRM said, starting at 20:05 UTC on October 29. Binance has since worked with partners to freeze roughly $3 billion of the stolen funds, and the company says it will cover all losses. Withdrawals remain paused while Binance overhauls its withdrawal systems, with service expected back within 48 hours. ...