What we know about the Binance hack:
- Binance says the estimated total impact is around $6.3 billion and the verified total value of crypto frozen is $3 billion. This could increase as investigators trace additional assets.
- Binance says deposits are operating normally, and withdrawals are expected to resume within 48 hours.
- Assets frozen include Tether USDt (USDT), USDC (USDC), Ripple USD (RLUSD), World Liberty Financial USD (USD1), StraitsX USD (XUSD), USDT0 (USDT0), Wrapped Beacon ETH (WBETH), Tether Gold (XAUT), Pax Gold (PAXG), Pax Dollar (USDP) and Arbitrum (ARB).
- Cybersecurity analysts suspect North Korea’s TraderTraitor is behind the attack.
Oct. 30 at 05:01 am UTC
Analysts suspect North Korean group behind Binance hack
Chainalysis co-founder and CEO Jonathan Levin said the Binance hack was likely carried out by North Korean hacking group TraderTraitor, citing links to a previous hack.
In a post on X, Levin put the theft at $6.4 billion, slightly above Binance’s estimated $6.3 billion impact. He said industry partners had frozen approximately $3 billion and Chainalysis was continuing to track the funds.
In a separate post, onchain investigator ZachXBT said the stolen funds from the Binance attack and the earlier Bitget exploit were commingled in the same address on Friday, after arriving via THORChain.
“This indicates the same actor is likely behind both incidents,” he said.
“The Bitget exploit was attributed to DPRK-linked TraiderTraitor, which had overlap with other previous exploits such as Kelp DAO,” he added.
Speaking to Cointelegraph, Blockaid co-founder and CEO Ido Ben-Natan also said the attack resembled the work of North Korea, or DPRK, based on the sophisticated onchain preparations, customer sweeper contract and multiple authorizations.
TRM Labs has also attributed the attack to TraderTraitor with “high confidence,” which it said is “based on robust on and off-chain intelligence.”
TraderTraitor has also been named by the FBI as the same group responsible for the ByBit hack in February last year.
Oct. 30 at 4:17 am UTC
Binance expects withdrawals to resume within 48 hours
Binance said withdrawals remain paused while it completes a security revamp of its withdrawal service and related addresses, with service expected to resume within 48 hours. Deposits are operating normally.
The exchange said the incident involved multiple factors and that its security team was tracing the full attack path through a compromised computer, which they suspect to be the entry point.
Oct. 30 at 03:49 am UTC
Binance hack could accelerate shift to DEXs: Standard Chartered
The Binance hack could push more crypto trading toward decentralized exchanges and benefit Uniswap over the longer term, according to Standard Chartered’s global head of digital assets research, Geoffrey Kendrick.
In an email shared with Cointelegraph, Kendrick retained his $100 price target for Uniswap’s UNI token by 2030, saying the breach was “another reason why that forecast may end up being too low.”
CoinGecko research shows that the top 10 spot DEX-to-CEX ratio was 23.5% in the second quarter of 2026, climbing 2.1 percentage points from the first quarter of 2026.
“I would encourage investors to re-engage with Uniswap,” said Kendrick. “The decentralized exchange (DEX) has never had any exploits, and the hack of the largest centralized exchange (CEX), in Binance, should see the ratio of DEX to CEX trading continue to increase.”
Oct. 30 at 02:25 am UTC
Binance points to engineer’s hacked laptop in $6.3B breach
Binance said its initial investigation into the multi-billion crypto breach has pointed to a compromised DevOps engineer’s laptop.
The exchange said the laptop compromise may have allowed an attacker to access a service container and submit unauthorized withdrawal transactions. It said it had found no evidence of a wallet private-key leak, though its investigation remains ongoing.
The crypto exchange has also disclosed that the estimated total impact of the hack is $6.3 billion.
Oct. 30 at 02:21 am UTC
First Digital confirms it has frozen FDUSD involved in attack
First Digital CEO Vincent Chok said it has frozen the FDUSD stolen in the attack on Binance.
“We’re working alongside the Binance team and will share updates as we have them,” Chok told Cointelegraph in a written statement.
“Our priority is protecting FDUSD holders and stopping bad actors from moving stolen funds. Protecting users is a responsibility we all share.”
Oct. 30 at 01:19 am UTC
Bitcoin trades below $77,000 as BNB falls 8%
Bitcoin traded near $76,937, down 4.9% over 24 hours, according to CoinGecko. BNB fell 8% to about $693, while Ether declined 5.7% to about $2,211.
DeFi tokens also fell, with AAVE down 11.3% and Uniswap’s UNI down 10.7% over the same period.
The Bitcoin Fear and Greed Index, which tracks Bitcoin market sentiment, fell to “fear” with a score of 30, which it has not seen since August.
Oct. 30 at 12:52 am…
cointelegraph.com