🚨 BINANCE: US$6.3 BILLION AND NEW CLUES ABOUT THE ATTACK
The security incident on 10/29 now has more concrete details. Binance estimates the impact at US$6.3 billion and says that, together with other companies, it managed to freeze around US$3 billion in assets.
🔎 WHAT DID THE INVESTIGATION REVEAL?
• TRM Labs tracked movements totaling around US$6.36 billion across 10 blockchain networks. According to its analysis, most of the activity took place in approximately 20 minutes.
• The firm attributes the attack, with a high degree of confidence, to TraderTraitor, a group linked to North Korea. This is an assessment by investigators, not a confirmed attribution by Binance.
• Binance is investigating access to its systems through a compromised computer. It says it found no evidence that private keys were leaked.
⚠️ WHAT ABOUT THE FUNDS?
Binance promised to cover the losses with its own resources and its SAFU fund. It also announced a new proof of reserves once the security measures are complete.
The US$3 billion that was frozen does not necessarily represent recovered funds. The total impact figure and the technical cause are still under investigation.
📌 IF YOU USE BINANCE
Deposits remain operational, while withdrawals are temporarily suspended, according to the latest announcement reviewed. Check the status in the official app and avoid links from supposed recovery services.
Binance’s response should be assessed based on verifiable facts: restoration of services, effective coverage, and publication of the technical report.
Sources: Binance and TRM Labs, 10/30/2026.
The security incident on 10/29 now has more concrete details. Binance estimates the impact at US$6.3 billion and says that, together with other companies, it managed to freeze around US$3 billion in assets.
🔎 WHAT DID THE INVESTIGATION REVEAL?
• TRM Labs tracked movements totaling around US$6.36 billion across 10 blockchain networks. According to its analysis, most of the activity took place in approximately 20 minutes.
• The firm attributes the attack, with a high degree of confidence, to TraderTraitor, a group linked to North Korea. This is an assessment by investigators, not a confirmed attribution by Binance.
• Binance is investigating access to its systems through a compromised computer. It says it found no evidence that private keys were leaked.
⚠️ WHAT ABOUT THE FUNDS?
Binance promised to cover the losses with its own resources and its SAFU fund. It also announced a new proof of reserves once the security measures are complete.
The US$3 billion that was frozen does not necessarily represent recovered funds. The total impact figure and the technical cause are still under investigation.
📌 IF YOU USE BINANCE
Deposits remain operational, while withdrawals are temporarily suspended, according to the latest announcement reviewed. Check the status in the official app and avoid links from supposed recovery services.
Binance’s response should be assessed based on verifiable facts: restoration of services, effective coverage, and publication of the technical report.
Sources: Binance and TRM Labs, 10/30/2026.