North Korea behind $6bn Binance attack, CNN reports

Stablecoin issuer Tether froze $971 million in USDT linked to suspicious transfers, while Binance has not yet confirmed a security breach.

By Lakshya Mishra, YourKhabri DeskOct 30, 2026, 05:25 AM UTC1 min readBinanceSecurityHacksTether

Key takeaways

1CNN reported North Korea was responsible for a $6bn security breach at Binance.
2Tether froze $971m in USDT linked to suspicious onchain transfers on 29 October.
3Binance has not yet confirmed whether a platform exploit occurred.

North Korean state-linked hackers were responsible for a $6 billion security breach at cryptocurrency exchange Binance, according to a Watcher Guru report on 30 October citing CNN.

Binance has not yet confirmed whether a security incident took place on its systems. Stablecoin issuer Tether froze $971 million in USDT linked to the suspicious onchain transactions on 29 October. Coinbase chief executive Brian Armstrong pledged support on 30 October, stating that his security team is actively assisting following the suspected attack.

The unconfirmed exploit triggered broad reactions across the sector, with billionaire Elon Musk stating that "everyday is zeroday" after news of the breach surfaced. Tether, which maintains a total market capitalisation of $180.9 billion, routinely restricts addresses flagged for suspicious digital asset movements across public blockchains.

Crypto market participants are now awaiting a formal statement from Binance regarding the security of user deposits and platform funds. Statements attributing the incident to North Korea remain unconfirmed by Binance management or official government enforcement agencies.

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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.