Binance attack steals more than $6 billion

A cyberattack against Binance allowed digital assets valued at more than $6 billion to be stolen, with one estimate near $6.36 billion. The incident affected platform wallets and occurred October 29. The amount concerns digital assets, not cash. The figure places the case among the largest reported thefts in the cryptocurrency sector.

A hacking unit linked to North Korea may have been behind the attack, according to TRM, a blockchain-intelligence firm. Other companies specializing in tracking digital transactions also connected the operation with a group associated with that country. Attribution remains a possibility: the cited information does not definitively establish who carried out the theft.

The incident affected Binance wallets spread across ten blockchain networks. The attack occurred Thursday, October 29, and compromised digital assets managed on those systems. The scale in the estimates refers to the value stolen, while distribution across multiple networks describes the incident's technical reach. Both are part of the case's economic and operational dimensions.

Binance said it worked with blockchain-sector partners to freeze affected assets worth nearly $3 billion. The measure focused on assets connected with the incident and does not equal the full estimated theft. The difference between the figures is that one describes immobilized funds and the other the value attributed to stolen assets.

The platform said deposits were unaffected and withdrawals had been suspended. It also said it expected to resume withdrawals within one or two days. That forecast was communicated after the attack but does not by itself confirm that operations restarted. Binance provided those service details while addressing the situation involving digital assets.