
Binance was hacked and lost about $6.3 billion, setting a record for the largest theft in the digital asset industry. U.S. President Trump said he was looking into whether it was related to North Korea.
AI-generated summary
The FBI and security experts have accused North Korea of being involved in a number of major cryptocurrency thefts, and Western countries have accused it of funding weapons programs through cybercrime.
U.S. President Trump said on the 30th that the U.S. government is looking into whether the hacking of Binance, the world's largest cryptocurrency trading platform, was caused by North Korean hackers. The attack resulted in the theft of approximately $6.3 billion worth of crypto assets, making it the largest theft ever experienced by the digital asset industry.
Bloomberg reported on the 30th that Trump was asked in the Oval Office of the White House that day whether North Korean actors should be blamed for the Binance hack. Trump said, "We don't know, we are learning."
North Korean hackers have previously been known to target the digital asset industry, and the FBI and security experts have accused North Korea of being involved in a number of major cryptocurrency thefts in recent years. Western governments accuse North Korea of fostering hacktivist groups and using cybercrime to obtain funds for weapons programs.
This incident is the largest theft ever encountered by the digital asset industry. After the hack, Binance temporarily suspended user withdrawals and promised to bear all losses. The platform issued a statement stating that approximately US$3 billion in stolen assets have been frozen on the blockchain network, and its co-founder He Yi said that withdrawals are expected to resume before Sunday.
Trump said, "They (Binance) say they have it mostly under control," but he also expressed doubts about the security of cryptocurrency. "This is a hacker intrusion, and that's the problem. You know, the old-school way, you sign a check and take the money out, but now it's different, you can't even see the money. So I always think it's a little dangerous."
Binance has dealings with companies related to the Trump family and has assisted the company co-founded by Trump and his son in developing stablecoins. Changpeng Zhao, the co-founder and former CEO of Binance, pleaded guilty to failing to implement anti-money laundering measures and was pardoned by Trump in 2025.
AI outlook — possibilities, not facts
Binance expects to resume user withdrawals by Sunday
Likely · Within days

Binance, the world's largest cryptocurrency exchange, said it would resume withdrawal services in phases after replenishing 95% of the $6.3 billion worth of tokens stolen from the platform. The FBI linked the world's largest digital asset theft to the North Korean hacker group Trader Traitor.

Two blockchain analysis companies said they have a high degree of confidence that the North Korean hacker group "Lazarus Group" was behind the hack of the cryptocurrency exchange Binance that cost $6.3 billion. Binance co-CEO Deng Weizheng said that the investigation found other compromised links, and about 80% of the stolen assets have been preserved.

Binance, the world's largest cryptocurrency exchange, is suspected of suffering a large-scale hacker attack, causing panic selling in the market. Well-known investor "Big Brother Maji" Huang Licheng's positions on the Hyperliquid platform were liquidated 8 times within 6 hours, leaving only $1.50 in balance, with a cumulative loss of more than $37 million.

Binance, the world's largest cryptocurrency exchange, was hacked and suffered a record loss of $6.3 billion. U.S. analysts suspect that it was carried out by North Korean hackers. Binance has suspended withdrawals and promised full compensation. Currently, some assets have been frozen. The market has fallen overall due to this news.

Cryptocurrency exchange Binance was hacked, with assets worth $6.3 billion affected, the largest such incident in history. Binance promised to bear all losses and resume withdrawals after 45 hours, and the price of Bitcoin subsequently fell to a nearly one-month low.

The Financial Supervisory Commission revised the measures to prevent money laundering of virtual assets and promoted the Travel Rule transfer rules with reference to FATF recommendations. In the future, basic information must be provided for virtual asset transfers regardless of the amount. For a single transaction exceeding 30,000 yuan, the collection and verification of identity information must be strengthened to prevent money laundering and terrorism risks.