This is cyberwarfare
According to an analysis of the article about the largest hack of the Binance exchange, the key information is the theft of a record $6.3 billion by the North Korean hacking group TraitorTrader, which took place on October 29, 2026.
Ari Redbord of TRM Labs described the event as full-scale “cyberwarfare.”
Key details of the incident
Attack method: The attackers posed as recruiters to install malware on an engineer’s work computer, then used a compromised internal AI tool to gain access to the wallet-signing service.
Industry response: Stablecoin issuers froze tokens worth around $2.67 billion (Tether froze 971.1 million USDT just 37 minutes after the attack), making it possible to recover around 40% of the funds at the initial stage.
Scale of the damage: The stolen amount is equivalent to roughly one-third of North Korea’s GDP.
According to an analysis of the article about the largest hack of the Binance exchange, the key information is the theft of a record $6.3 billion by the North Korean hacking group TraitorTrader, which took place on October 29, 2026.
Ari Redbord of TRM Labs described the event as full-scale “cyberwarfare.”
Key details of the incident
Attack method: The attackers posed as recruiters to install malware on an engineer’s work computer, then used a compromised internal AI tool to gain access to the wallet-signing service.
Industry response: Stablecoin issuers froze tokens worth around $2.67 billion (Tether froze 971.1 million USDT just 37 minutes after the attack), making it possible to recover around 40% of the funds at the initial stage.
Scale of the damage: The stolen amount is equivalent to roughly one-third of North Korea’s GDP.
