Massive Binance crypto hack affects $6.3 billion as new details emerge

News$6.3 billion Binance crypto hack could be biggest ever as new details emergeBinance says about $6.3 billion in cryptocurrency assets were affected by a massive hack. Partners have frozen roughly $3 billion as investigators work to identify the attackers. (AP Photo/Matt Slocum, File)AP Photo/Matt SlocumA massive hack involving Binance has affected about $6.3 billion in cryptocurrency, potentially making it the largest crypto theft ever recorded, Forbes reported. Binance, the world’s largest cryptocurrency exchange, said it worked with partners to freeze roughly $3 billion worth of affected assets. The company also promised to cover losses and said customer deposits were not affected, according to CBS News.The company initially said a compromised employee laptop may have played a role. But Binance later said investigators found additional points of entry, suggesting the attack was more complicated. The exchange temporarily suspended withdrawals while investigating. CNBC reported that about $3 billion in cryptocurrency assets had been frozen. The big question now is who was behind the attack.Blockchain intelligence firm TRM Labs said it believes a North Korea-linked hacking group known as TraderTraitor carried out the theft. Another blockchain analytics company, Chainalysis, also linked the attack to the group. Binance has not publicly confirmed the attackers’ identities. The same North Korea-linked group was blamed for the $1.5 billion Bybit hack in 2025, according to the FBI. Binance says it is working with law enforcement while its teams investigate the breach. Withdrawals are expected to resume within a day or two, according to CBS News. Chris Pugh covers trending news and national breaking stories, focusing on the moments, conversations, and cultural flashpoints shaping the national news cycle. Chris worked as a digital reporter for...This article was produced with assistance from AI tools and reviewed by Cleveland.com staff.