North Korea’s $6 Billion Binance Hack Exposes Crypto’s Worsening Security Problem
On Thursday, hackers stole an estimated $6.4 billion from Binance, the world’s largest crypto exchange, in the biggest digital asset theft in history. The previous record, a $1.5 billion attack on rival exchange Bybit in February 2025, was less than a quarter of that amount.
The attackers moved most of the funds in roughly 20 minutes, according to blockchain intelligence firm TRM Labs, which attributed the theft to TraderTraitor, a North Korean elite hacking unit that the FBI named responsible........
