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Binance Halts Trading Over Hack Linked to North Korea

Binance suspended trading after a major hack, as analysts linked the theft to a North Korean hacking group; attribution remains unconfirmed.

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Will Ashley

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Binance Halts Trading Over Hack Linked to North Korea

Disclosure: Banx Network issues the BXE token on the XRP Ledger and therefore has an interest in the XRPL ecosystem. Nothing here is investment advice.

Binance suspended trading and disabled withdrawals after a major cyberattack affecting its cryptocurrency platform. Blockchain analysts linked the theft to TraderTraitor, a North Korean hacking unit, though Binance said it had not confirmed who was responsible. The exchange reported about $6.3 billion in affected assets, while Binance and partners froze roughly $3 billion. Binance said it would cover user losses and reported no evidence that wallet private keys were leaked. Investigators continue tracking the remaining stolen funds across several public blockchains.

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