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North Korea’s TraderTraitor linked to $6.3B Binance hack

TRM Labs says it has high confidence in the attribution, while ZachXBT identified stolen funds from the Binance and Bitget hacks converging at the same address.

Cointelegraph by Felix Ng

Publisher Cointelegraph

Oct 30, 2026 at 5:51 AM UTC · 1 Min. Lesezeit

North Korea’s TraderTraitor linked to $6.3B Binance hack
Image via Cointelegraph

Key Signal

$6.3B Binance hack impact

Entities

binance

Last Updated

vor 7 Tagen

Übersetzung…

Cybersecurity researchers from TRM Labs and Chainalysis, along with onchain investigator ZachXBT, have linked the $6.3 billion Binance hack to North Korea’s TraderTraitor group.

TRM Labs attributed the attack to TraderTraitor with “high confidence,” citing onchain and offchain intelligence.

Onchain investigator ZachXBT said funds stolen from Binance and the earlier Bitget exploit were commingled at the same address after moving through THORChain.

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“This indicates the same actor is likely behind both incidents,” he said, adding that the Bitget attack had been attributed to TraderTraitor.

Chainalysis co-founder and CEO Jonathan Levin also pointed to TraderTraitor, saying the group stole $6.4 billion, slightly above Binance’s estimated $6.3 billion impact.

“We assess Binance hack for $6.4B was likely done by DPRK group TraderTraitor due to links to previous hack,” he said.

Why this matters

The reported attribution links a multibillion-dollar exchange theft and an earlier Bitget incident to the same North Korean group, suggesting a cross-provider campaign rather than isolated breaches. It could increase pressure on exchanges, wallet providers and employees to harden controls against social engineering and transaction-manipulation attempts.

The attribution follows an earlier assessment by Blockaid CEO Ido Ben-Natan, who told Cointelegraph that the attack’s sophistication and onchain preparations resembled North Korean activity.

US authorities have linked TraderTraitor to some of crypto’s largest thefts, including the Bybit hack in February 2025. The FBI also joined US and Japanese investigators in attributing the theft of more than $300 million from DMM Bitcoin in May 2024 to the North Korean actors.

The FBI says TraderTraitor targets company employees through social engineering. In the DMM case, an attacker posing as a recruiter sent a malicious coding test to an employee of wallet provider Ginco. Investigators said the resulting access was likely used to manipulate a legitimate transaction request, diverting funds to attacker-controlled wallets.

Related: Bitget CEO suspects North Korea behind $352M hack, citing IP clues

Follow the Story

  1. Oct 30North Korea’s TraderTraitor linked to $6.3B Binance hack
  2. Nov 5Crypto industry ‘hit by three hacks a day’, says Binance founder
  3. Nov 5Binance Has Replaced 98% of the Hacked Coins. Will the Largest Crypto Exchange Survive?
  4. Nov 6Bitcoin Rises 1.22% in One Hour to $76,178 on Binance Spot
  1. Oct 30North Korea’s TraderTraitor linked to $6.3B Binance hack
  2. Nov 5Crypto industry ‘hit by three hacks a day’, says Binance founder
  3. Nov 5Binance Has Replaced 98% of the Hacked Coins. Will the Largest Crypto Exchange Survive?
  4. Nov 6Bitcoin Rises 1.22% in One Hour to $76,178 on Binance Spot
#binance#crypto

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Originally reported by Cointelegraph

NewsLayer coverage based on externally reported material.

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Key Entities

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Topics

crypto

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