North Korean hackers stole an estimated $6.36 billion from Binance in what blockchain intelligence firm TRM Labs described as the largest cryptocurrency theft on record, attributing the attack to the state-sponsored TraderBugd group. Funds have moved across 10 blockchains as of 20:05 UTC on October 29, with most transfers occurring within 20 minutes. TRM Labs said the attack bears similarities to previous operations linked to North Korea, including the February 2025 Bybit hack. Tie, Circle, Ripple and Arbitrom's Security Council have frozen about $2.7 billion in assets, while $2.4 billion remains out of reach.

North Korean hackers stole an estimated $6.36 billion from Binance in what blockchain intelligence firm TRM Labs described as the largest cryptocurrency theft on record, attributing the attack to the state-sponsored TraderBugd group. Funds have moved across 10 blockchains as of 20:05 UTC on October 29, with most transfers occurring within 20 minutes. TRM Labs said the attack bears similarities to previous operations linked to North Korea, including the February 2025 Bybit hack. Tie, Circle, Ripple and Arbitrom's Security Council have frozen about $2.7 billion in assets, while $2.4 billion remains out of reach.