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North Korean hackers steal $6.3B from Binance in ‘largest bank heist in human history’

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Cite

Reilly, P. (2026, October 30). North Korean hackers steal $6.3B from Binance in ‘largest bank heist in human history’. New York Post. https://nypost.com/2026/10/30/business/north-korean-hackers-steal-6-3b-from-binance-in-largest-bank-heist-in-human-history/

Dated from the outlet's own feed. Check the original for its byline.

New York Post · collected 2026-10-30 · by Patrick Reilly

Quick Summary

North Korean hackers stole $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in a rapid theft described as "the largest bank heist in human history." Binance confirmed the breach and stated it was working with law enforcement to address the issue. TRM Labs identified TraderTraitor, North Korea's elite hacking unit, as responsible for the attack, which involved moving approximately $6.36 billion out of Binance wallets across ten blockchains within about 20 minutes.
Written by AI on 2026-10-30, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

As of November 3, Binance, the world’s largest cryptocurrency exchange, confirmed a major security breach and subsequent theft involving up to $6 billion (£5 billion) in digital assets. The incident began on October 29 when customers reported unauthorized withdrawals from their accounts. In response, Binance froze over $2.54 billion in crypto funds while investigating the issue. Other stablecoin issuers like Tether and Circle also halted transactions totaling more than $1.567 billion to prevent further losses. The FBI accused North Korea of being behind the hack, but on November 3, Kim Yo Jong, sister of leader Kim Jong Un, denied these claims through state media. Despite this denial, Binance customers withdrew nearly $4.64 billion in funds following the announcement.

Written for “North Korea Denies Binance Hack Involvement” on 2026-11-03, grounded in this article and the 78 other(s) covering the same event.

Story

📰 North Korea Denies Binance Hack Involvement
Technology · 79 article(s) covering the same event. Compare every outlet's account →

Compared with similar articles

This article reads unscored and hedges 8% of its claims. Each row says how that neighbour differs.
BBC News
Hedges 2 of 23 claims Outlet record 68/100
CBC News
Hedges 2 of 27 claims Outlet record 60/100
NPR
Hedges 1 of 26 claims Outlet record 60/100
The Sydney Morning Herald
Hedges 7 of 28 claims Outlet record 61/100
Toronto Star
Hedges 0 of 24 claims Outlet record 64/100
Al Jazeera
Hedges 5 of 41 claims Outlet record 60/100
BBC News
Hedges 1 of 6 claims Outlet record 68/100
New York Post
Hedges 2 of 27 claims Outlet record 66/100
Deutsche Welle
Hedges 2 of 14 claims Outlet record 95/100
NPR
Hedges 6 of 42 claims Outlet record 60/100
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
13
sentences that state something as happening or true
Uncertain
8%
1 of 13 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
66/100
New York Post's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
79
Technology
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-30 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

New York Post · 16405 article(s) · 35 correction(s) detected
Running correction rate · 35 correction(s)

Who wrote this

Patrick Reilly
75 article(s) here · 1 carrying a prediction
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🔮 Binance did not mention the status of the remaining $3.3 billion, but said it will cover all losses.
🔮 Blogger Randy Cassingham and his wife Kit told AFP that they paid the staggering amount to cruise on the MV Odyssey because they assumed the all-inclusive voyage would last at least 15 years.
🔮 Records then showed that the teacher had booked a room at the same hotel at least four times — May 8, June 4, June 11 and even for the July Fourth holiday.
🔮 If the children had any conflicts with Erica, she would force them to run barefoot on a gravel driveway as punishment.
🔮 He became a registered sex offender after he was convicted of third-degree sexual abuse in May 2023 with a minor, and was sentenced to three years’ probation and was barred from contacting children during that time, the outlet reported.
🔮 The Malta-flagged tanker “Agoio Fanades” was loaded with 40,000 metric tons of ultra-low-sulfur diesel in Russia’s Baltic port of Primorsk on Thursday and is expected to arrive in the US on November 7 – four days after the Midterm elections, according to the LSEG.
🔮 Oregon elementary school shooter Griffin John may have developed an “obsession with Nazism” before he gunned down three young students and a teacher last week, according to a report.
🔮 Osceola County School District Superintendent Mark Shanoff condemned the attack and said violence would not be tolerated on or off campus.
Also by Patrick Reilly
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 75 articles by Patrick Reilly →

Topics

Binance North Korea North Korean TRM Labs TraderTraitor

Subjects

Binance ORG · 7× North Korea GPE · 3× TraderTraitor ORG · 2× Aravind Srinivasan PERSON · 1× Bybit ORG · 1× GSR ORG · 1× North Korean NORP · 1× North Korea’s GPE · 1× TRM ORG · 1× TRM Labs ORG · 1×

Narrative

Blockchain analysis company Chainalysis also believes the Binance hack was “likely done by DPRK group TraderTraitor,” its co-founder and CEO Jonathan Levin wrote on X. When asked to comment about the breach’s potential ties to North Korea, a Binance spokesman only said it was working with law enforcement “to confirm the identity of the criminals and bring them to justice.”
framing: assertive · carried by 1 article(s) · first seen 2026-10-30
🔮 Binance did not mention the status of the remaining $3.3 billion, but said it will cover all losses.

Claims (13 extracted, 1 hedged)

North Korean hackers stole $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in a lightning-fast theft that an insider has called “the largest bank heist in human history.” asserted
insider → steal → history
“This was a complex attack, and we are doing all we can in coordination with law enforcement to resolve it,” Binance said in a post about the breach, which has shaken the cryptocurrency market. asserted
which → do → market
The cryptocurrency exchange said Friday that deposits were unaffected and that it was working with partners to freeze some of the affected assets, with about $3 billion located so far. asserted
billion → say → assets
Withdrawals have been suspended for the next day or so. asserted
Withdrawals → suspend → day
Binance did not mention the status of the remaining $3.3 billion, but said it will cover all losses. asserted
it → mention → losses
TRM Labs, a US-based blockchain intelligence firm, pinned the attack on TraderTraitor, which it described as North Korea’s elite hacking unit. asserted
it → base → unit
“We make this judgment with high confidence,” the firm said, noting that “several features of this attack match earlier North Korea-linked heists.” asserted
features → make → heists
“An attacker moved approximately USD 6.36 billion out of Binance wallets on ten blockchains, most of it in about 20 minutes,” TRM said. asserted
TRM → move → minutes
That would make the hack the largest cryptocurrency theft on record — surpassing the massive $1.5 billion that was stolen when the Bybit exchange was targeted last year, also pinned on North Korea. asserted
exchange → make → Korea
It is also “the biggest hack in history,” Aravind Srinivasan at market maker GSR said. asserted
Srinivasan → say → GSR
Blockchain analysis company Chainalysis also believes the Binance hack was “likely done by DPRK group TraderTraitor,” its co-founder and CEO Jonathan Levin wrote on X. When asked to comment about the breach’s potential ties to North Korea, a Binance spokesman only said it was working with law enforcement “to confirm the identity of the criminals and bring them to justice.” asserted
it → believe → justice
Binance maintains a $1 billion bitcoin reserve asset fund for users designed to protect customer assets in the event of security breaches, according to its website. uncertain
Binance → maintain → website
Co-CEO Teng said that “and company funds” would cover losses. asserted
funds → say → losses
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