The $6.3B Binance hack was pulled off in just 20 minutes(wired.com)
466 points by domhudson 22 hours ago | 318 comments
tl;dr: Hackers drained roughly $6.3 billion in crypto from Binance hot wallets across at least ten blockchains in a 20-minute attack on October 29, likely initiated via a compromised engineer's laptop. Tracing firms TRM Labs, Chainalysis, and Elliptic attribute the heist to North Korea's TraderTraitor group, citing on-chain overlaps with the prior Bybit and Bitget exploits. About $2.8B (mostly stablecoins) has been frozen, but the remaining $3.3B in Bitcoin, Ether, and XRP cannot be frozen and is being laundered via novel automated patterns.
HN Discussion:
  • ↑Binance should be held accountable for negligent security akin to bank regulation
  • ↓The 20-minute execution timeframe is unremarkable since heists require long preparation
  • •Governments selectively pursue crypto crimes, failing to recover funds in prior cases
  • •Speculation that this is linked to other recent supply chain attacks like Claude Code
  • ~Questioning the actual attack vector details beyond the compromised laptop claim