Approximately $6.36 billion in digital assets were stolen from Binance wallets on October 29, 2026, with most of the funds moved within about 20 minutes across ten blockchains. TRM Labs attributed the attack with high confidence to the TraderTraitor group, which is part of the Lazarus network, and the FBI later corroborated that assessment. The crypto industry froze an estimated $2.7 billion to $3 billion in assets, while Binance committed more than $6.34 billion from its reserves to cover the losses. Ari Redbord, TRM Labs’ global head of policy, described the theft as a “cyber war” and urged governments to intensify offensive cyber operations against North Korean hacking programs. Initial reporting identified the compromised laptop of a DevOps engineer as a possible entry point, with no evidence that private keys were stolen.
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