Binance hacked for $6.3 billion in largest crypto heist
The gist
Crypto exchange Binance was hacked for $6.3 billion across 10 blockchains, the largest crypto hack ever.
The breach hits Binance as it still works to rebuild trust after its 2023 US money laundering plea.
How it unfolded
- 2023Binance pleaded guilty in the US to money laundering offenses and received record fines of more than $4 billion; CEO Changpeng Zhao agreed to step down.
- last yearChangpeng Zhao was pardoned by President Trump after serving four months in prison.
- Feb 2025TraderTraitor, described by TRM Labs as North Korea's premier hacking unit, carried out the $1.5 billion hack on Bybit, a record attack at the time.