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

What we know about the Binance hack:

• Binance says the estimated total impact is around $6.3 billion and the verified total value of crypto frozen is $3 billion. This could increase as investigators trace additional assets.
• Binance says deposits are operating normally, and withdrawals are expected to resume within 48 hours.
• Assets frozen include Tether USDt (USDT), USDC (USDC), Ripple USD (RLUSD), World Liberty Financial USD (USD1), StraitsX USD (XUSD), USDT0 (USDT0), Wrapped Beacon ETH (WBETH), Tether Gold (XAUT), Pax Gold (PAXG), Pax Dollar (USDP) and Arbitrum (ARB).
• Cybersecurity analysts suspect North Korea’s TraderTraitor is behind the attack.

Oct. 30 at 05:01 am UTC

Analysts suspect North Korean group behind Binance hack

Chainalysis co-founder and CEO Jonathan Levin said the Binance hack was likely carried out by North Korean hacking group TraderTraitor, citing links to a previous hack.

In a post on X, Levin put the theft at $6.4 billion, slightly above Binance’s estimated $6.3 billion impact. He said industry partners had frozen approximately $3 billion and Chainalysis was continuing to track the funds.

In a separate post, onchain investigator ZachXBT said the stolen funds from the Binance attack and the earlier Bitget exploit were commingled in the same address on Friday, after arriving via THORChain.