Binance says about $6.34 billion in crypto was taken on October 29, 2026. The FBI says North Korea was responsible and calls the activity TraderTraitor. North Korea denies it. And according to Binance’s own initial report, one step on the way in was a fake job interview.
This video is what we know so far, as of November 4, 2026: who is saying what, how Binance says the attack worked, why suspending withdrawals didn’t stop it, who pays, where the money is, and what nobody has explained yet.
Most of the attack details come from Binance’s own report, which it says is still subject to independent review. Binance’s figures are Binance’s. This story is still moving, so parts of this video may age.
This is not financial advice.
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Chapters:
0:00 What we know so far
0:44 Who is TraderTraitor?
2:15 June: the poisoned install
3:33 September: the fake recruiter
5:11 October 20: the AI tool and the token
6:08 October 29: the drain
7:42 Why the pause didn’t stop it
9:48 The run: who pays?
11:40 Where the money is now
13:07 What we still don’t know
Sources:
– Binance, 29 October Binance Security Incident: Initial Findings and Response Update (X, Nov 3, 2026): https://x.com/binance/article/2117626126214504729
– FBI, North Korea Responsible for $6 Billion+ Binance Attack (Oct 31, 2026): https://www.fbi.gov/investigate/cyber/alerts/2026/north-korea-responsible-for-6-billion-binance-attack
– TRM Labs, North Korea steals USD 6.36 billion from Binance: https://www.trmlabs.com/resources/blog/north-korea-steals-usd-6-36-billion-from-binance-in-the-largest-hack-in-history
– Reuters via Korea Times, Nov 3, 2026: https://www.koreatimes.co.kr/world/20261104/binance-hackers-used-fake-job-interview-in-63-billion-attack
– Reuters via CNA, Nov 3, 2026: https://www.channelnewsasia.com/business/binance-strong-financial-health-heist-6516191
– NPR, Nov 3, 2026: https://www.npr.org/2026/11/03/nx-s1-6027799/binance-crypto-exchange-cyber-heist
– CNBC, Nov 3, 2026: https://www.cnbc.com/2026/11/03/binance-co-ceo-teng-says-hackers-used-fake-job-interviews-to-steal-6point3-billion-in-crypto.html
– CNBC, Oct 31, 2026: https://www.cnbc.com/2026/10/31/binance-hack-asset-coverage-withdrawals.html
– CNN, Nov 1, 2026: https://www.cnn.com/2026/11/01/business/binance-withdrawals-crypto-heist
– AP via KCTV5, Oct 30, 2026: https://www.kctv5.com/2026/10/30/north-korea-linked-63-billion-hack-binance-blockchain-intelligence-firms-say/
– ABC News (Australia), Nov 3, 2026: https://www.abc.net.au/news/2026-11-03/north-korea-denies-binance-heist-customers-withdraw-billions/107340330
– Korea Times, Nov 1, 2026: https://www.koreatimes.co.kr/foreignaffairs/northkorea/20261101/fbi-says-n-korea-responsible-for-over-6-bil-crypto-theft-from-binance
– FBI / IC3 PSA on Bybit, Feb 26, 2025: https://www.ic3.gov/PSA/2025/PSA250226
– FBI, DC3 and NPA on DMM: https://www.fbi.gov/news/press-releases/fbi-dc3-and-npa-identification-of-north-korean-cyber-actors-tracked-as-tradertraitor-responsible-for-theft-of-308-million-from-bitcoindmmcom
– CISA advisory AA22-108A: https://www.cisa.gov/news-events/cybersecurity-advisories/aa22-108a
– The Defiant, Nov 3, 2026: https://thedefiant.io/newsletter/defi-daily/binance-traces-its-hack-to-a-fake-job-interview
– Unchained, Nov 3, 2026: https://unchainedcrypto.com/binance-details-four-month-path-from-tainted-developer-install-to-6-34-billion-drain/
– Unchained on the reserves proof: https://unchainedcrypto.com/binance-publishes-zero-knowledge-reserve-proof-for-btc-eth-and-8-other-tokens-after-hack/
– crypto.news: https://crypto.news/binance-restores-withdrawals-for-more-ethereum-solana-tokens-after-6-3b-hack/
– CoinDesk, Nov 3, 2026 (copy on cryptonews.net): https://cryptonews.net/news/market/33695751/
– SafeDep: https://safedep.io/blog/binance-hack-developer-supply-chain-attack-path
– Yahoo Finance: https://finance.yahoo.com/markets/crypto/articles/binance-says-6-3-billion-181834232.html
– Homebrew: https://brew.sh/
– pyenv: https://github.com/pyenv/pyenv
– EIP-7702: https://eips.ethereum.org/EIPS/eip-7702
Credits:
Music: “The Wind” by Gregory Allison (YouTube Audio Library).
Footage (Pexels, illustrative): Altaf Shah, Dima Krivoy, K, Mihman Duğanlı, Nothing Ahead, Shutter Break.
Illustrations and reconstructions are labelled on screen.