Bloomberg reports hackers drained $2.5bn from Binance in single attack
The new figure follows earlier reports of a $6.3bn security breach at the world's largest crypto exchange linked to North Korean hackers.
Key takeaways
- 1Bloomberg reported a $2.5bn drain from Binance on 6 November.
- 2The incident follows a $6.3bn breach, the largest in crypto history.
- 3Authorities have frozen or seized $2.85bn of the total stolen funds.
Hackers stole $2.5bn from Binance in a single attack, Bloomberg reported on 6 November. This figure adds to a series of security breaches at the exchange that have surfaced over the past week. Boss Bot News carried the findings, which describe the scale of the latest drain from the world's largest crypto exchange.
The report indicates the funds were removed in a single incident, though the specific technical method was not detailed. Earlier reports from CNN and Chainalysis linked North Korean hackers to a broader campaign against the exchange. Authorities and stablecoin issuers have previously attempted to intercept the flow of stolen assets.
Binance is the largest cryptocurrency exchange by trading volume and serves as a primary hub for retail and institutional traders. The incident follows a $6.3bn security breach first reported in late October, which YourKhabri previously identified as the largest heist in the history of the industry. Binance said on 3 November that hackers used a bogus job interview to compromise an employee's access. By early November, authorities had frozen or seized approximately $2.85bn of the stolen funds.
The latest $2.5bn drain suggests that the security incident at Binance may be more extensive than initially estimated or that multiple attacks occurred in quick succession. Traders will watch for further confirmation from Binance regarding the total amount of user funds lost and whether its Secure Asset Fund for Users can cover the deficit. The movement of funds onto networks like Solana and the use of bridges such as Thorchain remain focal points for investigators trying to recover the assets.
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