Binance Reports $2.5 Billion in Assets Frozen After Suspected Hack by North Korean Group TraderTraitor
Binance froze over $2.5 billion in assets following a suspected hack attributed to a North Korean hacking unit called TraderTraitor. The exchange suspended deposits, withdrawals, and trading on certain products to conduct security checks and cover potential losses. Bitcoin prices dropped over 3% as market volatility spiked.
Where Sources Diverge
The amount frozen was reported as $2.5 billion by some sources and $2.54 billion by others.
$2.54bn
$2.5bn
The attribution of the hack to a North Korean hacking unit was reported by some outlets but not others.
attributed to North Korean hacking unit TraderTraitor
no attribution provided
The exact date of the incident was not consistently reported across all sources.
reported on 2026-10-29
reported on 2026-10-30
The description of the hack as the 'largest hack in history' was used by some outlets but not others.
largest hack in history
no such description
Sources
Cryptocurrency platform Binance said Thursday it had fallen victim to a major hack that had resulted in the freezing of more than $2.5 billion in an effort to prevent them from being stolen. The company — the world’s largest crypto exchange by daily trading volumes — said it had suspended trading on certain products. It […] The post Crypto platform Binance confirms major hack, more than $2.5bn frozen appeared first on Vanguard News.
Two analytics firms have attributed the incident to a North Korean hacking unit called TraderTraitor.
Crypto platform Binance confirms major hack, more than $2.5bn frozen News.com.au
Crypto platform Binance confirms major hack, more than $2.5bn frozen News.com.au
The firm said deposits and withdrawals are suspended while its teams conduct security checks and will "cover all losses".
Binance founder says world's largest crypto exchange appears to have been hacked.
Binance under cyberattack? Crypto giants freeze more than $2.5 billion as Bitcoin drops over 3%. What's happening? WION
Binance reports ‘potential security issue’ as stablecoin issuers freeze millions in funds AP News