The biggest hacker attack in history! Over 200 billion stolen from Binance, US analysis points to North Korea

Binance, the world's largest cryptocurrency exchange, was shocked to hear that it was hacked and crypto assets worth up to US$6.3 billion (approximately NT$205.3 billion) were stolen, setting the largest cryptocurrency theft in history. U.S. analysts pointed out that the case was most likely carried out by North Korean hacker forces. As soon as the news came out, which shocked the market, Binance immediately suspended withdrawals and promised to fully bear the losses.

According to Reuters, this large-scale attack occurred on the evening of the 29th and took only about 20 minutes. Blockchain analysis companies TRM Labs and Chainalysis pointed out that hackers took control of the wallet used by Binance to transfer funds and transferred a large amount of assets to the control account. The method was very similar to the Bybit exchange that was attacked by North Korean hackers in 2025. Binance’s preliminary investigation revealed that the source of the intrusion was suspected to be a computer hack of one of the company’s engineers, which allowed the attacker to gain system privileges and make unauthorized withdrawals.

In response to user asset risks, Binance co-CEO Richard Teng emphasized on the social platform X that user funds are safe and the company will use reserve funds and its own funds to absorb all losses. At present, Tether issuers Tether, Circle and several cryptocurrency companies have urgently frozen approximately US$3 billion in related assets, and Binance expects to resume withdrawal services within 48 hours.

Affected by this news, the cryptocurrency market fell across the board. Bitcoin once fell to a six-week low of $76,368. Ethereum and Binance Coin (BNB) also fell sharply, and the stock prices of related cryptocurrency concept stocks fell accordingly. Market analysts warned that this incident may further undermine investor confidence and prompt the market to reassess the security risks of centralized exchanges.