Binance puts hot-wallet losses at $6.3 billion, blames laptop and North Korea
AI summary
Binance says losses from its compromised hot wallets total $6.3 billion and has pledged to cover them, blaming a compromised engineer's laptop and expecting withdrawals restored within 48 hours. TRM Labs points to North Korea, and ZachXBT says the stolen funds shared an address with Bitget exploit proceeds. A loss of this size at the largest exchange, with a state-actor attribution, is a serious confidence and security shock for traders.
Narrative history
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1H AGOYou’re reading thisBinance puts hot-wallet losses at $6.3 billion, blames laptop and North KoreaUnchained · Score 82
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1H AGODecrypt · Score 85 · via Teng, one-click
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1H AGOThe Defiant · Score 72 · via Binance Breach, Withdrawals
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2H AGOThe Defiant · Score 72 · via withdrawals stay, withdrawals
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4H AGOcrypto.news · Score 92 · via $6.3B Binance, $6.3B
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5H AGOCointelegraph · Score 72 · via North Korea, TRM
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5H AGOCryptoSlate · Score 85 · via TRM, TRM Labs
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6H AGOThe Defiant · Score 82 · via North Korea, North
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6H AGOCrypto Briefing · Score 82 · via laptop, $6.3B
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6H AGOThe Defiant · Score 85 · via Binance hack, hack
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6H AGOThe Defiant · Score 72 · via $6.3B, estimates $6.3B
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7H AGOCoinDesk · Score 88 · via Binance hack, $6.3B Binance
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7H AGOCryptoPotato · Score 90 · via $6.3B, pledges cover
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8H AGOBitcoin.com News · Score 78 · via laptop, $6.3B
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11H AGOCryptoSlate · Score 85 · via $6B, Binance hack
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12H AGOBitcoin Magazine · Score 95 · via hack, suspected Binance
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13H AGOCrypto Briefing · Score 72 · via Binance hack, freezes
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13H AGOBeInCrypto · Score 95 · via Tether freeze, freeze
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13H AGOCrypto Briefing · Score 78 · via Binance hack, freezes
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13H AGOCoinDesk · Score 85 · via Binance hack, hack
