Adnkronos (Adnkronos) –
Binance faces massive hack. The cryptocurrency platform announced yesterday that it was the victim of a major cyberattack involving funds worth approximately $6,3 billion; approximately half of this amount has been frozen to prevent a large-scale theft. The company—the world's largest cryptocurrency exchange by daily trading volume—posted a series of sometimes contradictory messages on the social network X, reiterating that "user funds are completely safe" but promising to "cover all losses."
Subsequently, through its X account dedicated to Latin America, the company specified that “the total estimated impact is approximately 6,3 billion dollars”.
"We've worked with our blockchain partners to freeze the affected assets; so far, approximately $3 billion has been frozen directly on the blockchain," the company added. This would be four times the amount stolen in the largest cyberattack of its kind ever recorded: the theft of $1,5 billion from the Bybit platform in February 2025.
At the time, the Bybit hack was blamed on a North Korean-linked hacking group known as TraderTraitor.
Blockchain analytics firm TRM Labs said yesterday that it believes “with a high degree of certainty” that the Binance attack was also orchestrated by TraderTraitor, citing “robust evidence gathered both on-chain and off-chain.”
"Several features of this attack match previous thefts linked to North Korea," TRM said. TraderTraitor is believed to be part of the Lazarus Group, which rose to prominence in 2014 after being accused of hacking Sony Pictures in retaliation for the film "The Interview," which mocked North Korean leader Kim Jong Un.
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