BREAKING: Lazarus Group suspected in $6.3 billion Binance hack

The Binance hack has been linked to North Korea’s Lazarus Group by blockchain investigators, who suspect the state-backed hackers stole approximately $6.3 billion from the cryptocurrency exchange on October 29. Summary TRM Labs has linked the $6.3 billion Binance hack to North Korea’s TraderTraitor hacking unit with high confidence. Blockaid CEO Ido Ben-Natan said attackers moved at least $3.5 billion across four blockchains in under an hour. Investigators traced the theft to compromised transaction-signing controls, including 50 Ethereum authorizations targeting one hot wallet. Binance reported approximately $3 billion in frozen assets and pledged to cover customer losses. Withdrawals remain suspended during security upgrades, with Binance expecting services to resume within 48 hours. According to TRM Labs, its investigators have attributed the attack to TraderTraitor, a North Korean hacking unit associated with Lazarus, with high confidence. Blockchain investigator ZachXBT separately identified Lazarus as the likely attacker, although Binance has not confirmed who carried out the theft. In comments to crypto.news, Ido Ben-Natan, co-founder and CEO of blockchain security firm Bloc...