Hacking News
Binance Hack: $6.4 Billion Theft and Possible DPRK Involvement
Chainalysis co-founder Jonathan Levin estimated the Binance hack at $6.4 billion, citing links to the TraderTraitor hacking group, likely North Korean. Onchain investigator ZachXBT noted the stolen funds from the Binance attack and the earlier Bitget exploit were commingled in the same address. Binance said withdrawals remain paused while completing a security revamp, with deposits operating normally. The exchange suspects the compromised computer as the entry point for the attack, which involved multiple factors.