Other● Neutral● Important

Blockchain Analysts Link Binance's $6.4B Hack to North Korean Group

TradingGain Newsroom·1h ago·30 Oct 2026, 12:22 UTC

Blockchain analytics firms TRM and Chainalysis say North Korea's TraderTraitor group is behind the $6.4 billion Binance hack. They point to the same group blamed for the Bybit hack. Binance says it has set aside $6.34 billion of its own funds to cover user losses.

Why it matters

Both TRM and Chainalysis blame the same group behind the Bybit hack.
Binance says it has set aside $6.34 billion of its own funds for user losses.
Exchange security risks may stay in focus for traders holding funds on platforms.

What to watch next

Watch for further official updates from Binance on how it is covering user losses and any new findings from TRM or Chainalysis.

This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.