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Blockchain analysis firm TRM says North Korea behind Binance crypto theft

By Thomson Reuters Oct 29, 2026 | 11:27 PM

SINGAPORE, Oct 30 (Reuters) – North Korean hackers were ​behind a $6.3 ‌billion raid on cryptocurrency exchange Binance, according to US ‌blockchain ​analysis ⁠firm TRM Labs.

“An ⁠attacker moved approximately $6.36 billion out of Binance wallets ​on ten blockchains, most ⁠of it ⁠in about ​20 minutes,” TRM ​Labs said in a ‌blog post on its website.

“TRM attributes the ⁠attack to TraderTraitor, North Korea’s elite hacking ⁠unit, ‌based on ⁠robust on ​and ‌off-chain intelligence. We ​make ⁠this judgment with high confidence.”

(Reporting by Tom Westbrook; Editing by Christian ​Schmollinger)