Binance loses $6.3 billion to TraderTraitor

Binance suffered a $6.3 billion heist across 10 blockchains after an attacker compromised a DevOps engineer's laptop, granting access to a service container. TRM Labs and Chainalysis attributed the attack to North Korea's Lazarus-linked TraderTraitor unit. Major stablecoin issuers including Tether and Circle froze a combined total of over $2.6 billion in stolen assets, and Binance Co-CEO Richard Teng stated the exchange will cover all remaining losses using its corporate funds and SAFU fund. Open article →