Binance is reeling after a $6.3bn hack that analysts say bears the fingerprints of North Korea’s Lazarus Group.
The attackers allegedly compromised Binance’s hot wallet signing system, siphoning billions before laundering the assets through Bitcoin and other tokens.
TRM Labs and Chainalysis both identified the group “with high confidence,” adding to a long list of suspected North Korean cyber heists.
Binance says 80% of stolen assets have been secured, but the rest remains unaccounted for. Co‑CEO Richard Teng admitted the breach was broader than first thought.
The hack highlights the vulnerability of even the biggest crypto platforms — and the growing sophistication of state‑backed cybercrime.

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