The $6.3B Binance hack was pulled off in just 20 minutes
Multiple crypto-tracing firms say notorious North Korean hackers TraderTraitor may be behind the largest digital heist in history-with billions of crypto likely gone for good.
Quick read
A WIRED report describing a roughly $6.3 billion theft from Binance that was executed in about 20 minutes and spread across multiple blockchains. Readers may want to visit to learn who investigators suspect, how the attack was carried out, and how much of the stolen crypto has been frozen.
- Attack drained Binance hot wallets across at least ten blockchains
- Investigators link methods and funds to North Korean group TraderTraitor
- About $2.8 billion frozen; roughly $3.3 billion remains unfrozen
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A closer look at The $6.3B Binance hack was pulled off in just 20 minutes
What this WIRED story reports
This article describes what investigators and crypto tracing firms call the largest crypto heist in history: roughly $6.3 billion taken from Binance wallets across multiple blockchains.
It summarizes analysis from firms such as TRM Labs, Chainalysis and Elliptic about how the theft unfolded, how quickly funds moved, and which wallets and blockchains were affected.
What you can read and learn on the page
The piece lays out a timeline: preparation at least 36 hours beforehand, testing on a few wallets, and the main theft concentrated in about 20 minutes on October 29.
It reports on investigators’ methods - on-chain analysis, linking stolen funds, and observing commingling with funds from a recent Bitget exploit - and notes that firms have frozen a portion of the stolen crypto while a lot remains hard to freeze.
Who will find this story useful
People following cryptocurrency security incidents, blockchain investigators, and readers tracking major hacks will get details about the attack timeline, the role of hot wallets, and tracing firms’ attributions.
Anyone looking for WIRED’s reporting on major crypto events will find the companies quoted, the investigative claims, and Binance’s statement about the incident.
Questions people ask about The $6.3B Binance hack was pulled off in just 20 minutes
- Does the article identify who carried out the hack?
- Multiple crypto-tracing firms link the attack potentially to North Korean hackers known as TraderTraitor, but Binance and law enforcement have not named a suspect in the piece.
- How much of the stolen crypto was frozen according to the story?
- The article cites firms saying about half the funds were frozen, and Elliptic estimating roughly $2.8 billion had been frozen while around $3.3 billion remained mostly in coins that cannot be frozen outright.
- Does the story explain how the hackers got in?
- Binance said initial investigation suggested a compromised engineer’s laptop and later found additional points of breach; tracing firms describe rehearsal transactions and use of Tornado Cash in preparation.
The $6.3B Binance hack was pulled off in just 20 minutes was shared on NexURLs by Nexis on November 2, 2026, in Business & Startups.
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What is The $6.3B Binance hack was pulled off in just 20 minutes?
The $6.3B Binance hack was pulled off in just 20 minutes (wired.com): A WIRED report describing a roughly $6.3 billion theft from Binance that was executed in about 20 minutes and spread across multiple blockchains. Readers may want to visit to learn who investigators suspect, how the attack was carried out, and how much of the stolen crypto has been frozen.
Who shared The $6.3B Binance hack was pulled off in just 20 minutes on NexURLs?
It was shared by Nexis in November 2026. Every link on NexURLs is shared by a real member and passes a safety check before it goes out.
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