The $6.3B Binance Hack Was Pulled Off in Just 20 Minutes

Hackers stole approximately $6.3 billion from cryptocurrency exchange Binance in roughly 20 minutes on October 29, making it potentially the largest crypto heist on record. Three crypto tracing firms suspect North Korean hackers, possibly a group called TraderTraitor, were responsible for the attack, which involved draining wallets across multiple blockchains after extensive preparation. Binance and other crypto firms have managed to freeze around half the stolen funds, though much of the remaining cryptocurrency may be impossible to recover.