FT · 2026-10-31 10:38 UTC

Crypto exchanges rush to tighten security after $6.3bn Binance heist

Hackers stole a record $6.3bn from Binance, the world's largest crypto exchange, with initial investigation pointing to a compromised engineer's laptop and additional breach points discovered later. Binance suspended withdrawals and said it would restore systems in about 34 hours; other major exchanges including Coinbase, Kraken, and Gemini announced security enhancements in response. Blockchain tracing firms attributed the hack to TraderTraitor, a North Korea-linked group responsible for a $1.5bn Bybit theft last year, with stolen funds moved via the Tron network.

Loading the story on Tree News…