Ari Redbord calls Binance theft the largest bank robbery in history

Roughly $6.36 billion was drained from Binance hot wallets in about 20 minutes, with North Korea's TraderTraitor linked to the attack Crypto has seen big hacks before. This one has blockchain analytics firm TRM Labs reaching for a broader comparison. On October 29, 2026, approximately $6.36 billion in digital assets was drained from Binance’s hot wallets. TRM Labs’ Ari Redbord says this is no longer a crypto-sized story at all. The speed is the first detail that stands out. Assets left Binance’s hot wallets within roughly 20 minutes, beginning at approximately 4:05 p.m. ET.