# Binance says employee deception enabled hackers to steal over $6bn

- URL: https://talkfuse.com/story/binance-says-hackers-used-well-known-tricks-to-carry-out-a-6-34-billion-heist/
- Published: 2026-11-03T19:57:15+00:00
- Updated: 2026-11-03T20:08:56+00:00
- Original publisher: Wired
- Original article: https://www.wired.com/story/binance-says-hackers-used-well-known-tricks-to-carry-out-a-dollar634-billion-heist/
- Topics: Americas, Asia, Business, Crypto, Cybersecurity, Technology, World

## Key points

- Binance says employee targeting enabled a months-long network breach.
- Hackers stole more than $6 billion in about 20 minutes.
- Crypto firms froze almost half of the funds where possible.

## Summary

New details in Binance’s security update describe a months-long intrusion that culminated in hackers stealing more than $6 billion in about 20 minutes. The account matters because it shows how attackers allegedly used access gained through targeted employee deception to reach systems capable of authorising transactions outside normal withdrawal procedures.

Binance says an engineer downloaded a tampered software installation in June, and another was tricked into installing malware during a fake job interview in September. The company says hackers moved through its network, exploited an internal AI tool and accessed a wallet-signing service before moving funds across more than 10 blockchains on 29 October. Cryptocurrency firms froze almost half of the stolen funds where possible; the FBI linked the attack to North Korean group TraderTraitor, while Binance says it has set aside funds to cover losses and rebuilt or replaced affected systems.

## Coverage

- [Wired: Binance says employee deception enabled hackers to steal over $6bn](https://www.wired.com/story/binance-says-hackers-used-well-known-tricks-to-carry-out-a-dollar634-billion-heist/)
- [TechCrunch: Researchers warned of North Korean hacking tactics years before record $6.3B Binance heist](https://techcrunch.com/2026/11/03/researchers-warned-of-north-korean-hacking-tactics-years-before-record-6-3b-binance-heist/)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.