AI Summary

Binance, the world’s largest cryptocurrency exchange, suffered its biggest ever heist when $6.36 billion in cryptocurrencies were moved from its wallets in a 20‑minute attack. The theft began at 8:05 pm on 29 October. Investigators believe the coordinated breach was carried out by a North Korean‑linked hacking group known as TraderTraitor. TraderTraitor previously executed a $1.5 billion hack of the Bybit crypto exchange in February 2025. The incident underscores the growing threat posed by state‑backed cybercriminals to major crypto platforms.

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