Binance, the world’s largest cryptocurrency exchange, suffered the largest hack in history amounting to $6.36 billion, affecting wallets across 10 blockchain networks. Analytics firms TRM Labs and Chainalysis linked the operation to North Korea’s TraderTraitor hacking group. Preliminary data suggests the breach was caused by a compromised DevOps engineer’s laptop, through which the attackers gained access to the transaction authorization infrastructure and withdrawal mechanisms.

Despite the scale of the attack, Binance and stablecoin issuers (including Tether, Circle, and Ripple) managed to promptly freeze approximately $3 billion in stolen assets. Exchange representatives stated that wallet private keys were not leaked, and all client losses will be fully reimbursed using the SAFU insurance fund and the company’s own capital.

Nevertheless, news of the breach triggered an immediate negative reaction across global financial markets. Bitcoin dropped by over 3%, falling below $77,000, Ether fell to $2,178, and the exchange’s native token BNB lost 5%. The primary test for the industry in the coming days will be the successful resumption of withdrawal operations and the legal process of recovering the frozen assets.