On October 29, 2026, the cryptocurrency exchange Binance suffered the largest heist in history, with $6.3 billion stolen. According to the FBI, North Korean hackers from the TraderTraitor group are responsible for this crime.
Details of the Binance Hack
The attack on Binance occurred on October 29, when hackers gained access to the exchange's cryptocurrency wallets. Following the announcement of the breach, Binance temporarily suspended withdrawals but promised to compensate users for their losses. The company reported that approximately $3 billion of the stolen assets have been frozen.
Government Response and Security Measures
The FBI has urged other cryptocurrency companies to block transactions associated with the wallets used by the hackers. They are already tracking the movement of the stolen funds, which, according to law enforcement, are primarily being converted into Ethereum. The FBI has also published the wallet addresses linked to the attack.
Comments from Binance Representatives
Binance's founder, Changpeng Zhao, confirmed that the incident resembles a hack. He also noted that the company holds a stake in SpaceX valued at over $1 billion, which could be used to cover losses. Binance hopes to recover about 90% of the stolen assets.