Binance ties roughly $6.3 billion crypto theft to a laptop
TRM and Chainalysis blame North Korea's TraderTraitor, while Binance says it has not identified who is responsible and will cover losses.
TRM and Chainalysis blame North Korea's TraderTraitor, while Binance says it has not identified who is responsible and will cover losses.
TRM Labs says most funds left in about 20 minutes on October 29 across ten chains; Binance says user funds are safe.
Elliptic verified $2.8 billion frozen, mostly USDT and USDC, while Binance says private keys were not breached.
TRM and Chainalysis attribute the October 29 theft to North Korea’s TraderTraitor; Binance has not named a culprit.
Sweeper contracts and EIP-7702 delegations drained hot wallets; about $2.7 billion was later frozen.
Binance will cover user losses, and close to $3 billion has already been frozen on-chain.
TRM tracked $6.36 billion across ten chains in about 20 minutes; roughly $3 billion is frozen and $2.4 billion remains movable.
Binance says it will cover losses; a preliminary laptop compromise and multi-billion-dollar freezes remain under investigation.
Binance blames a compromised DevOps laptop for unauthorized withdrawals and says SAFU will cover losses.
Binance has not confirmed the loss, says user funds are safe, and issuers froze about $2.38 billion in stablecoins.
No breach is confirmed; the funds' ownership and whether transfers were authorized remain unknown, and stablecoin freezes cannot recover Ether or Bitcoin.
Circle froze about $800 million and Tether about $1.56 billion; watcher estimates of billions stolen are unconfirmed.
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