Binance was drained of about $6.3-6.4B on Oct 29, mostly in ~20 minutes across 10 chains, in what TRM Labs and Chainalysis attribute to North Korea's TraderTraitor. TRM report puts it as the largest crypto hack on record, topping the $1.5B Bybit hack.

Binance was drained of about $6.3-6.4B on Oct 29, mostly in ~20 minutes across 10 chains, in what TRM Labs and Chainalysis attribute to North Korea's TraderTraitor. TRM report puts it as the largest crypto hack on record, topping the $1.5B Bybit hack.

Binance says a compromised DevOps laptop let attackers submit withdrawals via its own infrastructure, with no private key leak, with ~$3B frozen so far via Tether, Circle and others and all losses to be covered by SAFU plus company funds. Binance update expects withdrawals back in ~45 hours, deposits working.

After Musk posted laughing / grimacing emojis around hack posts, CZ replied Oct 30 at 09:19 UTC: "Elon, have a lot of respect for you, but bad time to troll. Please stop." He added Binance's $500M investment in Musk's Twitter takeover, now SpaceX shares, is worth over $1B and asked for "a little support."

That $500M to over $1B is CZ's claimed value, not a verified trade. Co-founder Yi He replied yearly revenue covers losses so Binance does not yet need to sell those SpaceX shares.

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