An attacker drained approximately $6.36 billion from Binance wallets across ten different blockchains within a brief 20-minute window, marking the largest cryptocurrency theft on record. Blockchain intelligence firms like TRM Labs attributed the breach with high confidence to TraderTraitor, North Korea’s elite state-sponsored cyber unit, utilizing sophisticated hot wallet and signing infrastructure exploitation. Major stablecoin issuers and platform protocols—including Tether, Circle, and the Arbitrum Security Council—swiftly froze over $2.5 to $2.7 billion in stolen digital assets to curb the fallout. Binance temporarily suspended withdrawals on affected networks, engaged law enforcement, and launched an active investigation while maintaining that user funds remain covered. The staggering breach sent shockwaves through global markets, triggering immediate double-digit declines in Binance’s native token (BNB) and sharper sell-offs across major cryptocurrencies.

Full report : Major security breach across ten blockchains triggers emergency stablecoin freezes and halts withdrawals at Binance.