Hackers have stolen approximately $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in what industry analysts are calling the largest cyber heist in digital asset history. The incident has again highlighted concerns regarding cybersecurity and the systemic risks of holding funds on centralised trading platforms. Blockchain intelligence firms TRM Labs and Chainalysis reported that the threat actors behind the coordinated attack originated from North Korea. According to TRM Labs, the attackers targeted Binance wallets across 10 distinct blockchains, siphoning the vast majority of the funds within an estimated 20-minute window.
According to news agency Reuters, TRM Labs stated with “high confidence” that key characteristics of the intrusion closely mirror previous North Korean-sponsored operations, including a major 2025 cyberattack against cryptocurrency exchange Bybit that was formally tied to Pyongyang by the US Federal Bureau of Investigation (FBI).
Compromised laptop suspected as entry point
Reuters reported that preliminary internal inquiries by Binance suggest the breach began through a single compromised endpoint.
According to the exchange, unauthorised access was gained after an engineer’s laptop was hacked, allowing the attacker to infiltrate an…