TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor
Both firms blame the group behind the Bybit hack, as Binance says it has set aside $6.34 billion of its own funds to cover user losses.
Headlines from leading crypto outlets with a short Blockdeck Brief and how the market moved since. Every story credits its publisher.
Both firms blame the group behind the Bybit hack, as Binance says it has set aside $6.34 billion of its own funds to cover user losses.
Binance says it has set aside its own funds to cover losses from a record crypto hack worth about $6.3 billion, and it has frozen roughly $3 billion in stolen assets. Since the story was published, BTC was $77,418 at publication and has moved up 0.0% since then, with no change in the first hour.
Bitcoin traders reportedly reacted to a hack at the exchange Binance, according to a CoinDesk report published October 30, 2026. The report's excerpt is a general day-ahead market preview, so details about the hack itself are limited in the material provided. BTC was $77,472 when the story was published, was down 0.1% in the first hour after it, and is down 0.1% since the story.
Binance reports that roughly $6.3 billion in assets were taken in a large breach, with about $3 billion of the stolen funds now frozen. The incident has been linked to North Korea's TraderTraitor group. Bitcoin was priced at $78,499 when the story ran and is down 0.3% since then.
The Zcash Community Grants group has put forward a proposal to shift roughly $124 million, covering existing and upcoming funds, toward mining rewards. Critics argue the offer does not resolve their concerns about governance and accountability. ZEC was down 0.5% since the story was published, trading from $1,259 at that time.
An attacker reportedly exploited a 2025 Ethereum upgrade, designed to give ordinary wallets more capabilities, using 50 signatures tied to Binance's own wallet. The episode is linked to part of a roughly $6 billion loss at the exchange. ETH was trading at $2,248 when the story was published, and it has since moved down 0.1%.
Bitcoin held above $76,000 following a reported $6.3 billion hack at Binance and a sell-off in tech stocks, while momentum indicators suggested a possible recovery. Roughly $1.6 billion in liquidations were tied to the episode. Since the story was published, BTC is down 0.1%.
Crypto futures liquidations climbed to $1.57 billion following a reported $6.3 billion Binance hack, and bitcoin traded near $77,350 in the wake of the event. Bitcoin was $77,807 when the story was published and has since slipped 0.2%.
Security experts say the Ethereum upgrade EIP-7702 did not cause the Binance hack, though it may have made losses worse by helping attackers get past withdrawal safeguards. ETH was $2,250 when the story was published and is down 0.2% since then.
A hacker linked to a Binance breach is reported to hold 18,270 BTC, more than Coinbase's reported corporate Bitcoin holdings, along with over 500,000 ETH. BTC was trading at $77,819 when the story was published, and it is down 0.2% since then.
Hardware wallet maker Trezor has warned buyers of the CryptoBilis Safe 5 after a report alleged a hidden implant in the device. The company has not yet examined the unit but is treating the claim as credible and has urged owners to move their funds. BTC was down 0.2% since the story was published, at $77,668 at the time.
The headline reports that RUNE, THORChain's token, rose 13% following news tied to Binance's hack. The excerpt says North Korean hackers previously used THORChain to move funds stolen from Bybit and Bitget, which has led to calls for the protocol to act. BTC was $77,741 when the story was published, and since then it is down 0.2%.
Strategy's chief financial officer, Andrew Kang, is leaving the company even as it reports $21 billion in quarterly operating income and holds 848,517 BTC. Shares of the firm fell 6% following the news. Since publication, bitcoin is down 0.3%.
Binance has reported finding further points of compromise in a hack described as involving about $6.3 billion, according to Decrypt. Its CEO, Richard Teng, said the attack was not the result of a single action, and the exchange has confirmed roughly $3 billion has been frozen. Bitcoin was at $77,824 when the story ran, and since then it is down 0.3%.
Trezor has advised customers who bought CryptoBilis devices since March to transfer their funds after a report raised concerns about a suspected hardware implant. The warning follows reporting that flagged possible tampering with the equipment. Bitcoin was $77,863 when the story was published and is down 0.4% since then.
A reported $6.3 billion hack at Binance has added to jitters across crypto markets, arriving alongside weak earnings outlooks and growing worries about AI spending that pushed the QQQ fund down more than 2%. Bitcoin was trading at $78,085 when the story was published, and it has since been down 0.2%.
A hacker reportedly sold off FUN, a little-known token launched in 2017, along with other smaller tokens into markets too thin to absorb the volume, according to the CoinDesk report. The sales are said to have pushed those prices sharply lower. Bitcoin, the market benchmark, was $78,130 when the story was published and is down 0.1% since then.
A sharp sell-off in bitcoin, ether and XRP forced the closure of about $1.5 billion in leveraged crypto positions. Most of those forced closures hit bets that prices would rise, with Binance accounting for nearly half the total. A subsequent rebound has since started to squeeze traders betting on falling prices. Bitcoin was trading at $78,586 when the story was published, and it is down 0.1% since then.
Michael Saylor says Strategy could raise up to $30 billion in digital credit without issuing new common stock or needing further gains in Bitcoin's price. The company intends to keep buying more BTC. At publication Bitcoin was $78,485, and it has moved 0.0% since the story was published.
Blockchain investigators TRM Labs and ZachXBT have linked North Korea to a reported $6.3 billion hack involving Binance, with TRM Labs stating it holds high confidence in the attribution. ZachXBT traced stolen funds from the Binance and Bitget incidents converging on a single address. Bitcoin was priced at $78,480 when the story was published and has been flat since, up 0.0% in the first hour and up 0.0% since the story.
Developers on the XRP Ledger are proposing fixes that would narrow which accounts can hold permissioned, or "restricted," tokens on the network. The XRP Ledger Foundation has said no users were affected. XRP was $1.26 when the story was published and is up 0.0% since then.
India's largest crypto exchange, CoinDCX, has limited new futures positions following a security incident at Binance that disrupted a major liquidity provider. The company says deposits, withdrawals and customer funds are not affected. BTC was $78,600 when the story was published, and it has been down 0.0% since then.
A CoinDesk blockchain trace shows the bitcoin taken in a Binance hack, roughly $1.4 billion worth, now sits split across 19 wallets, with 17 of them holding exactly 1,000 BTC each. None of the wallets has moved since Thursday night. Bitcoin was down 0.1% in the first hour after publication and is down 0.1% since the story.
Bitcoin briefly dipped to $76,300 after Binance confirmed a hack it estimates at $6.3 billion. According to the report, the attacker gained access through a compromised employee laptop, and roughly $3 billion has been frozen onchain. Bitcoin was trading at $78,207 when the story was published and is down 0.4% since then.
A suspected $6.3 billion security breach at Binance, alongside an exploit on Polymarket, has weighed on bitcoin and ether, according to CoinDesk. Standard Chartered expects prices may stay under pressure before they settle. Bitcoin was $78,233 when the story was published and is down 0.2% since then.
Large institutional investors are reportedly moving money off crypto exchanges following a major breach at Binance, a hack described as multibillion-dollar in scale. The withdrawals suggest concern about the incident is extending past that single platform. BTC was $78,180 when the story was published and is down 0.2% since then.
A Standard Chartered analyst, Geoffrey Kendrick, argues that a breach at Binance could speed up a move toward decentralized exchanges. He also keeps his view that Uniswap's UNI token could reach $100 by 2030. UNI was up 0.6% since the story was published.
Blockchain researchers say North Korea's Lazarus Group is likely responsible for a hack of the world's largest crypto exchange that reportedly totaled nearly $6 billion. The story was published when BTC was $77,806, and since then BTC is up 0.0%.
Binance's published reserve data shows that wallets drained in a hack were counted as backing customer balances. As a result, its ether reserves are estimated to be about 6% short until the exchange replaces the stolen funds. BTC was $77,813 at publication and has since moved down 0.3%.
Blockaid CEO Ido Ben-Natan suspects the Binance hack may have involved misuse of private keys rather than straightforward theft. He points to parallels with the earlier Bybit hack, with attackers possibly manipulating Binance's transaction-signing infrastructure. BTC was $77,873 at publication and is down 0.4% since the story.
Reports of suspicious multibillion-dollar transfers from Binance-linked wallets have unsettled crypto markets, with Bitcoin and Ether falling and the wider market down about 3.3%. Bitcoin, which was trading at $78,958 when the story ran, is down 0.5% since publication.
Strategy, the firm formerly known as MicroStrategy and listed as MSTR, reported a record $20.91 billion in operating income for the third quarter of 2026, lifted by Bitcoin's rebound even as its revenue declined. The company still faces a negative year-to-date BTC yield and ongoing pressure to fund its preferred dividends. Bitcoin was down 0.3% since the story was published.
Bitcoin fell below $79,000 after reports of a suspected hack at Binance, with outflows of up to $5.8 billion. Tether and Circle reportedly froze about $1.8 to $2.4 billion in stablecoins in response. Since the story was published, BTC is down 0.4%.
Wallets linked to the suspected Binance hack are reportedly converting stablecoins that can be frozen into Ethereum on decentralized exchanges, according to Etherscan records. The story also notes that some DeFi platforms have paused trading. ETH was trading at $2,274 when the story was published and has since slipped 0.1%.
Singapore police say tampered Ledger devices began appearing there on September 10, according to the report. South Korean lawmakers are reportedly close to pushing back the crypto tax law again, marking a fourth delay. BTC was $79,132 when the story was published and is down 0.3% since then.
An on-chain tally places the suspected drain from Binance at about $5.57 billion across three blockchains. Tether and Circle have jointly frozen $1.8 billion in response. USDT was $0.999 when the story was published, and since then it has been down 0.0%.
Binance is investigating a security breach affecting its Ethereum wallets, which reportedly carries a value in the billions. Tether and Circle have together frozen more than $2.36 billion in stablecoins in response. Since the story was published, ETH is up 0.4%.
Binance reportedly lost $5.7 billion in what would be the largest crypto hack to date, according to CoinDesk. Following the news, prices across the market slid, with BNB leading the decline. Since the story was published, BNB has risen 1.1%, from $699.48.
Coinbase posted third-quarter net income of $719 million, mainly from gains on its crypto holdings, while revenue stayed level at $1.22 billion. Bitcoin was priced at $79,294 when the story ran and has since moved -0.21%.