my timesThe Korea Times
  1. Foreign Affairs
  2. North Korea

Blockchain analysis firm TRM says N. Korea behind $6.3 bil. Binance crypto theft

Listen
By Reuters
  • Published Oct 30, 2026 1:33 pm KST
  • Updated Oct 30, 2026 2:40 pm KST
Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken Nov. 10, 2022. Reuters-Yonhap

Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken Nov. 10, 2022. Reuters-Yonhap

SINGAPORE — North Korean hackers were behind a $6.3 billion raid on cryptocurrency exchange Binance, according to U.S. blockchain analysis firm TRM Labs.

"An attacker moved approximately $6.36 billion out of Binance wallets on ten blockchains, most of it in about 20 minutes," TRM Labs said in a blog post on its website.

"TRM attributes the attack to TraderTraitor, North Korea's elite hacking unit, based on robust on and off-chain intelligence. We make this judgment with high confidence."