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North Korean group TraderTraitor likely caused a $6.3 billion Binance hack, the industry's largest heist. The theft occurred on Thursday at 4:05 p.m. ET, moving funds across 10 blockchains in 20 minutes. Binance reserved $6.34 billion to cover losses, with $5 billion already held in stolen tokens. Tether, Circle, Ripple and World Liberty Financial froze $2.67 billion in stablecoins.
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TechStartups leads with the hack's scale while downplaying the perpetrator, whereas Silicon Republic and Phys.org immediately identify North Korea as the thief.
Summary by ByteBrief
Binance Hack Exposes $6.3bn in Crypto Assets