
Blockchain Firms Link North Korea to $6.3 Billion Binance Hack
Chainalysis and TRM Labs have linked yesterday’s $6.3 billion Binance hack to North Korea’s TraderTraitor group.

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Both firms blame the group behind the Bybit hack, as Binance says it has set aside $6.34 billion of its own funds to cover user losses.

USDT0 blocked a Polygon wallet holding 6.19 million tokens linked to the Binance exploit and restored its Tron–Ethereum transfer routes.

CEO Richard Teng said the attack was "not a single 'one-click' action," as Binance confirmed about $3 billion has been frozen.

With the crypto market barely flinching as news of the $6.3Bn Binance hack broke, could this be a bullish sign for the market?

Billions in suspected stolen funds, $478 million in Bitcoin liquidations, and a possible North Korean connection has turned Binance's hack into crypto's biggest security story.

Curve recorded $847 million in Oct. 29 trading volume. Its DAI/USDC/USDT pool saw a sharp increase in activity and a further tilt toward USDT.

Binance security breach sees $6.3B in withdrawals due to compromised engineer's laptop, raising concerns over exchange's security measures.