Hackers Steal Record $6.3 Billion from Binance in Just 20 Minutes in World’s Biggest Crypto Heist
By Ankur Banerjee, Rocky Swift and Summer Zhen Reuters | Posted by TOE Hackers stole $6.3 billion from Binance, the world’s biggest cryptocurrency exchange, in a record theft that analysts pinned on North Korea and said could shake faith in digital assets. Cryptocurrency prices fell on the news, while Binance halted withdrawals and said it would cover the losses. About half the stolen assets were quickly frozen by stablecoin issuers such as Tether, Circle and the Trump-backed World Liberty Financial. The bulk of the heist unfolded in around 20 minutes beginning late on Thursday and bore similarities to previous large attacks blamed on North Korea, according to US blockchain analysis firms TRM Labs and Chainalysis. TRM said the attackers were able to order wallets that Binance uses to empty into hacker-controlled wallets, mirroring a 2025 heist at crypto exchange Bybit, which the US Federal Bureau of Investigation had attributed to Pyongyang. “TRM att...