North Korean hackers blamed for record $6.3 billion Binance crypto theft
Binance $BNB disclosed a $6.3 billion hack—the largest in crypto history—allegedly orchestrated by North Korean threat actors. The exchange suspended trading and said it holds $5 billion in matching tokens to cover losses, but the incident has triggered a risk-off wave across digital assets and shaken confidence in platform security.
Binance is working with the FBI to recover stolen funds. The heist has also impacted prediction markets like Polymarket, forcing temporary suspensions and amplifying concerns over systemic vulnerabilities in the crypto ecosystem.