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Crypto

North Korean Hackers Execute Majority of $10 Billion Binance Theft in Just 20 Minutes, Exploiting Signature Mechanism Without Relying on Private Keys

2026/10/31 18:30(Updated 2026/11/01 18:47)

CoinPost

Written by L.Kikutani

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North Korean Hackers Execute Majority of $10 Billion Binance Theft in Just 20 Minutes, Exploiting Signature Mechanism Without Relying on Private Keys

Exploitation of the Signature Mechanism

On the 29th, approximately $6.3 billion (equivalent to 1 trillion yen) was siphoned from Binance, one of the world's largest cryptocurrency exchanges, with the majority of the theft occurring within a span of about 20 minutes. Multiple analysis firms, including TRM Labs and Elliptic, have suggested that the breach was due to an exploitation of the signature mechanism rather than the theft of private keys.

TRM Labs and Chainalysis have analyzed the incident as the work of the North Korean state-sponsored hacker group 'Trader Traitor,' although Binance has not identified the attackers...

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BTC$ 77,921.72▲ 0.68 %ETH$ 2,267.47▲ 0.82 %BNB$ 714.67▲ 1.57 %XRP$ 1.25▲ 0.33 %SOL$ 95.04▼ 0.64 %TRX$ 0.3107▼ 1.58 %HYPE$ 88.01▲ 1.45 %ZEC$ 1,242.93▼ 2.90 %DOGE$ 0.0756▲ 0.37 %XMR$ 601.13▲ 1.14 %
BTC$ 77,921.72▲ 0.68 %ETH$ 2,267.47▲ 0.82 %BNB$ 714.67▲ 1.57 %XRP$ 1.25▲ 0.33 %SOL$ 95.04▼ 0.64 %TRX$ 0.3107▼ 1.58 %HYPE$ 88.01▲ 1.45 %ZEC$ 1,242.93▼ 2.90 %DOGE$ 0.0756▲ 0.37 %XMR$ 601.13▲ 1.14 %