Binance Reports $6.3 B Loss After North Korean‑Linked Hacker Group TraderTraitor Steals Crypto

Binance says the hack has cost the exchange roughly $6.3 billion, with about $3 billion of cryptocurrency already frozen. The stolen assets include USDT, USDC, RLUSD, USD1, XUSD, USDT0, WBETH, XAUT, PAXG, USDP and ARB. Chainalysis, TRM Labs, Blockaid and other security firms point to the North Korean hacking group TraderTraitor as the likely culprit, a group also linked to the ByBit and Kelp DAO attacks. Binance has paused withdrawals while it revamps its security, but deposits remain active and withdrawals are expected to resume within 48 hours. The incident has prompted speculation that the breach could accelerate a shift from centralized exchanges to decentralized platforms such as Uniswap.