Binance probes a suspected cryptocurrency breach: $6.3B affected, about $3B frozen

Binance is investigating a suspected $6.3 billion security incident after freezing roughly $3 billion in affected assets with industry partners. The potential Binance cryptocurrency breach, disclosed on October 29, has prompted service suspensions and a pledge to cover customer losses, while blockchain investigator TRM Labs suspects a North Korea-linked hacking group. Key takeaways Binance estimates $6.3 billion was affected, with about $3 billion frozen. An engineer’s laptop is the suspected entry point; investigators found no evidence of exposed wallet keys. TRM Labs suspects TraderTraitor, the group linked to the February 2025 Bybit theft.