Binance Halts Withdrawals After $6.3 B Crypto Heist; North Korea Hackers Claim the Loot

Binance has frozen all withdrawals after a record‑breaking $6.3 billion crypto theft, which a research lab attributed to a North Korean elite hacking unit. The exchange said user funds are safe.

In a series of posts on X, Binance confirmed the hack and the $6.3 billion loss, emphasizing that its custodial wallets were not affected.

The same research lab shared a brief note on X naming the North Korean unit as the culprit.

The withdrawal freeze has left traders staring at a frozen screen; some are joking that Binance’s security now feels “as reliable as a paper wallet.”

The incident highlights the challenges exchanges face when large‑scale breaches occur, prompting industry‑wide reflection on security practices.