TRM says Binance crypto hack stole $6.36B across 10 chains, mostly in 20 minutes

Binance said on October 30, 2026, that it had reserved more than USD 6.3 billion to cover losses from the Binance crypto hack a day earlier. TRM Labs traced approximately USD 6.36 billion stolen across ten blockchains, most within about 20 minutes—the largest cryptocurrency theft it has recorded. Key takeaways Binance pledged company funds to cover every loss. TRM attributes the theft to North Korea’s TraderTraitor with high confidence. A malicious Ethereum delegation enabled repeated wallet sweeps. Binance’s latest frozen-assets estimate reached around USD 3 billion.

Source: The Cryptonomist