Eric Schiffer warns the $6.3 billion Binance hack signals a coming "bloodbath of AI hacking" as cybersecurity threats grow more sophisticated.
If the accusations are true, the record-making heist shows how powerful suspected North Korean hackers have become.
As investors worry about massive spending on the A.I. buildout paying off, earnings reports drove markets down. NBC News’ Brian Cheung reports on what happened on Wall St. and the hack on crypto exchange Binance.
Hackers made off with around $6 billion in digital currency in what could be the biggest crypto heist in history. Binance said it will cover the losses.
President Trump said Friday his administration is looking into the $6.3 billion hacking of the cryptocurrency exchange Binance, the largest such hack on record. “We don’t know,” Trump said in the Oval Office when asked if the hack should be attributed to a suspected North Korean hacker group. “We’re looking at that,” he continued. TraderTraitor,…
More than $6 billion worth of cryptocurrencies were stolen from Binance, the world's biggest crypto exchange. It's the biggest cyber heist ever — and many suspect North Korea may be behind it.
Security experts are calling it the "largest bank robbery in human history." Getting all of the stolen crypto funds won't be easy.
Plus, Binance executives are racing to cover billions in losses from the biggest crypto heist in history, and Ukraine struck a Russian oil refinery.
Crypto isn’t risk-free after all, as thieves take Binance for $6.3 billion.
The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds.
The cyber-attack, which the company describes as complex, is believed to be the largest ever of its kind.
President Donald Trump said the US was looking into whether North Korean hackers were behind a $6.3 billion heist targeting Binance that has rattled the cryptocurrency world.
After a $6.3 billion hack, the company said it was going to reimburse customers who had losses.
More than $6 billion in crypto was stolen from Binance, setting off a race to recover the funds before North Korea-linked hackers can launder them into cash.
The rout hit publicly traded crypto exchanges and fintech companies, as well as cryptocurrencies like Bitcoin.
A cyberattack on Binance, the world's largest crypto exchange, was likely carried out by North Korea, according to a blockchain intelligence firm.
Cryptocurrency giant Binance said on Thursday that $6.3bn (£4.7bn) of digital assets have been impacted by what is thought to be the biggest crypto hack on record.
Cryptocurrency theft is estimated to generate half of the country’s foreign currency income North Korea plays by its own rules. The isolated, secretive and autocratic country is largely cut off from the world’s economic system – but when it comes to generating foreign earnings it relies on some of the world’s most sophisticated hacking. Experts, such as TRM Labs, quickly attributed the extraordinary $6.3bn (£4.7bn) Binance cryptocurrency theft to TraderTraitor, an elite North Korean hacking unit that has also been known as the Lazarus Group. Though the link may not be proven yet, the pattern of behaviour is familiar. Continue reading...
Bloomberg’s Ed Ludlow looks at the fall in Intel shares as a bleak outlook exposes the chipmaker's struggle with a deepening PC slump and difficulty meeting CPU demand. Plus, AWS CEO Matt Garman discusses the cloud giant's accelerating growth and massive AI buildout. And, Bitcoin tumbles after hackers siphoned off $6.3 billion from Binance in an attack that rocked the crypto world. (Source: Bloomberg)
Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far Q&A: How big a deal is the $6.3bn crypto heist? Tell us: have you been affected by the Binance hack? Business live – latest updates The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit. Binance said it would cover all customer losses as it froze $3bn of the affected assets. Continue reading...
The record-setting $6.3 billion hack of Binance, the world’s biggest cryptocurrency exchange, has been blamed on alleged North Korean hackers, who have become infamous for preying on the digital-asset industry.
A North Korea-based cybercrime group appears to be behind a $6.3 billion hack of the cryptocurrency exchange Binance, according to two blockchain intelligence firms. Both TRM Labs and Chainalysis tied the largest crypto hack on record to TraderTraitor, a North Korean hacking unit that has previously targeted the digital asset industry. Billions of dollars’ worth…
Crypto platform Binance has suspended trading following a suspected hack now linked to North Korea. The disruption has left users unable to trade on the cryptocurrency platform while the suspected breach is investigated.
Cryptocurrency exchange giant Binance has been targeted by a record-breaking $6.3 billion cyber heist, with blockchain intelligence firms linking the attack to North Korea. By Thursday night in the US, a coordinated effort by major crypto platforms successfully froze roughly $3 billion of the stolen assets during a high-stakes race to track and secure the digital funds.
The incident at Binance could be the biggest theft of any kind in history. We answer some key questions North Korean group blamed for $6.3bn crypto heist Tell us: have you been affected? The world’s largest cryptocurrency exchange has been hit by a $6.3bn heist that, according to experts, is likely to be the work of North Korea . This is not the first time a crypto market has been targeted by hackers, and the rogue state has a track record of this type of theft. Here we answer some key questions about what’s happened: Continue reading...
The crypto exchange said it was compromised in what could be the biggest crypto heist ever. One research lab attributed the theft to “North Korea’s elite hacking unit.”
Google parent company Alphabet saw a massive $500 billion stock plunge in its roughest day on record. Meanwhile, cryptocurrency exchange Binance was targeted in a $6.3 billion hack.
Binance, the world's largest cryptocurrency exchange, suspended withdrawals after hackers stole $6 billion from its digital wallets in what is being described as the biggest financial heist on record. The post The Largest Heist in History: Hackers Steal $6 Billion in Crypto from Binance appeared first on Breitbart .
A record-setting cyberattack targeting the world’s largest cryptocurrency exchange has rocked the digital assets industry.
Hackers working for North Korea are suspected of hacking a Binance employee's laptop, which allowed the theft of billions in crypto.
Binance scrambles to freeze billions after record-breaking hack linked to North Korea.
Plus: Hackers break into Binance, Harvard student journalists wreck a Trump administration official, and more...
The world's biggest cryptocurrency exchange reported Thursday that approximately $6.3 billion was impacted in an apparent hack.
Cyber correspondent Joe Tidy explains more about what is suspected to be the biggest hack in history.
Binance has been hit by what could be the biggest crypto hack ever - here's what we know so far
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.
The Binance hack has thrust cryptocurrencies back into headlines - but what are they and how do they work?
Plus: Trump administration promised tariff relief in talks to secure U.S. Audi factory and Cleveland-Cliffs to retain Stelco amid jobs dispute with Canadian government.
It wasn't immediately clear the extent of the damage hackers might have been able to cause, and Binance had not explicitly confirmed that funds had been pilfered. The company said its teams are "working around the clock" to resolve the issue.
Ukraine has ended a pause on Russian refinery attacks and Binance probes what may be the biggest-ever crypto heist.
Two analytics firms have attributed the incident to a North Korean hacking unit called TraderTraitor.
Cryptocurrency exchange Binance has been hit with a record $6.3 billion hack.
There are unconfirmed reports North Korea is behind the massive hack.
Binance, the world's largest cryptocurrency exchange, is investigating a potential security issue that appears to be a hack
Binance froze $3 billion in assets after a major security incident, with Changpeng Zhao suggesting the crypto exchange appears to have been hacked.
Binance halted trading Thursday after hackers allegedly linked to North Korea stole more than $6 billion, the largest crypto hack in history. Why it matters : The attack comes after a wave of high-profile cyber intrusions and data breaches during "Black October," when a series of security incidents and AI -discovered bugs triggered fears of a global crisis. Driving the news: Binance co-founder Yi He said on X that the crypto exchange had suspended deposits and withdrawals. "User funds are safe," she wrote. "Binance will cover all hacking losses." An estimated $6.3 billion were drained from wallets in the incident, Binance said , although the exchange and partners managed to freeze about $3 billion that can potentially be recovered. "This is unprecedented," said Kevin March, a co-founder of JPEG Trading, a cryptocurrency trading firm that closely tracked the hack to monitor market conditions. An initial investigation found linked the hack to a compromised laptop from one Binance engineer. That access allowed an attacker to gain access to Binance's systems to make withdrawals, the exchange said. Zoom in : Researchers from TRM Labs and Pangolin Intelligence found that the attack appeared to be the work of a North Korean hacking collective. "This was absolutely North Korea," Nick Carlsen, a senior TRM investigator, told The Wall Street Journal . Representatives of North Korea have previously denied allegations of hacking crypto exchanges. The country has turned hacking and scams into an industrial-scale scourge, focusing on crypto heists and a widespread practice of tricking Western companies into hiring North Korean workers . A Binance spokesperson said the exchange's security teams are "reviewing all relevant information with urgency." The big picture: If estimates hold up, the suspected Binance hack would be the biggest crypto attack in history. In 2025, North Korea-linked hackers stole about $1.5 billion worth of crypto from the Bybit exchange. Between the lines : C
A suspected hack at Binance prompted cryptocurrency firms to freeze about $3 billion in assets, the company said on Thursday. The exchange, which described the situation as a “security issue,” has temporarily suspended deposits and withdrawals while it “conducts security checks, freezes funds, and works with law enforcement.” It vowed to cover all losses. “It…
The company has suspended all deposits and withdrawals while it works with law enforcement to secure its infrastructure and locate stolen funds.
