#比特币 This is a huge story: Binance's hot wallet was robbed of around $6.3 billion, setting a new record for the biggest theft in crypto history. The $1.5 billion Bybit lost before is just a drop in the bucket by comparison.
Even more outrageous, on-chain analysts say most of the funds were transferred within 20 minutes. Both TRM and Chainalysis point to the North Korean hacking group TraderTraitor. Binance says it has frozen around $3 billion, is putting up $6.34 billion of company funds to cover the losses, and has suspended withdrawals, with a target of restoring them within 40 hours.
$BTC was hammered below $77,000, and October's monthly candle will likely close down 7.7%—its worst October in 12 years.
Now everyone's waiting on two things: how much of the stolen crypto can be recovered, and what Monday's proof-of-reserves report will say.
Even more outrageous, on-chain analysts say most of the funds were transferred within 20 minutes. Both TRM and Chainalysis point to the North Korean hacking group TraderTraitor. Binance says it has frozen around $3 billion, is putting up $6.34 billion of company funds to cover the losses, and has suspended withdrawals, with a target of restoring them within 40 hours.
$BTC was hammered below $77,000, and October's monthly candle will likely close down 7.7%—its worst October in 12 years.
Now everyone's waiting on two things: how much of the stolen crypto can be recovered, and what Monday's proof-of-reserves report will say.
