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Binance says attackers stole about $6.3 billion in crypto

Original title: Binance hit by largest-ever crypto theft, with $6.3 billion stolen

Malwarebytes Labsby @MetallicaMVP ()2 min read1
Read at malwarebytes.com
Part of a story covered by 21 sourcesBinance says $6.3 billion stolen; researchers blame TraderTraitorMerged summary & timeline
AI summary · x-ai/grok-4.7Summaries by Vani AI

Binance reports freezing about $3 billion, denies a private-key leak, and says it will cover losses.

Binance said on October 30 that a security incident affected approximately $6.3 billion in cryptocurrency on Binance.com, while Binance.US was not affected. Its initial investigation points to a compromised DevOps engineer’s laptop as a possible way into a service container used to submit unauthorized withdrawals, and it says more breach points were found. The company found no evidence of a wallet private-key leak and promised to cover losses. TRM Labs and Chainalysis have linked the theft to the North Korean group TraderTraitor.

Unconfirmed: Stolen and frozen totals are developing estimates, and the TraderTraitor link comes from blockchain firms, not Binance.

Key facts
  • TRM Labs estimates about $6.36 billion left Binance wallets across ten blockchains.
  • Most of the funds moved within about 20 minutes, TRM Labs estimates.
  • Co-CEO Richard Teng said the theft was not a single use of one engineer’s permissions.
  • Binance says roughly $3 billion has been frozen with blockchain partners.
  • Binance warned customers to avoid fake support and recovery offers.
Security assessment · AI, from the article

Impact: About $6.3 billion in cryptocurrency taken from exchange wallets

What to do
  1. 1.Check Binance.com transaction history and security settings through official channels.
  2. 2.Do not share authentication codes or use unexpected recovery or compensation links.
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ATT&CK
T1078 Valid Accounts
Tags
binancecryptocurrencytradertraitornorth-koreaaccount-compromise
Threat actors
TraderTraitor
Victims
Binance
Organizations
TRM LabsChainalysis
Countries
North Korea

From the original article

2 min read at malwarebytes.com

Attackers stole about $6. 3 billion in cryptocurrency from Binance in what analysts say is the largest crypto theft on record.

Malwarebytes Labs

By @MetallicaMVP · malwarebytes.com

Read the full article at Malwarebytes Labs

A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.