Chris Stokel-Walker at New Scientist:
The world’s largest cryptocurrency exchange Binance has been hit with the biggest ever cryptocurrency heist, in which billions of dollars of reserves were drained in just 20 minutes.
From 8:05pm on 29 October, $6.36 billion in cryptocurrencies were shifted from wallets in a coordinated attack believed to have originated from a North Korean-linked hacking unit called TraderTraitor. This group was also behind a $1.5 billion hack of the Bybit crypto exchange in February 2025.
The US Treasury has previously said that such stolen funds are used to finance North Korea’s nuclear missile programme.
More here.