Binance Hackers Amass 18,270 BTC, Surpassing Coinbase’s Corporate Holdings

Blockchain analytics firm Bitquery traced 18,270 BTC—worth about $1.4 billion—to 19 addresses linked to the attackers of Binance’s $6.3 billion hack. Coinbase’s combined investment (17,954 BTC) and operational (117 BTC) holdings total 18,071 BTC as of September 30, so the hacker’s haul exceeds Coinbase’s by 199 BTC. The theft involved nine blockchains in under four hours, with 508,621 ETH also traced to the attackers, surpassing the 495,362 ETH held by the Ether Machine. Binance confirmed the breach, froze roughly $3 billion of stolen assets, and pledged to cover all losses. TRM Labs attributes the attack to North Korea’s TraderTraitor group, and Binance has identified additional breach points beyond an initially suspected compromised laptop.