# Why North Korea’s ‘elite’ hackers are the prime suspect in major Binance hack

- URL: https://talkfuse.com/story/why-north-koreas-elite-hackers-are-the-prime-suspect-in-major-binance-hack/
- Published: 2026-10-31T02:12:19+00:00
- Updated: 2026-10-31T04:37:46+00:00
- Original publisher: BBC World (publisher lean: Centre)
- Original article: https://www.bbc.co.uk/news/articles/ck9dz3v7z7v3o?at_medium=RSS&at_campaign=rss
- Topics: Asia, Cybersecurity, Technology, World

## Key points

- Analysts identify North Korea’s Lazarus Group as the likely suspect.
- The Binance hack involved $6.3bn in stolen cryptocurrency.
- Binance says it has secured about 80% of the assets.

## Summary

Two blockchain analytics firms say North Korea’s Lazarus Group is the likely culprit behind a $6.3bn hack of Binance, the world’s largest cryptocurrency exchange. If confirmed, the theft would underline the growing capability of suspected state-backed hackers and the role cybercrime may play in financing North Korea.

The attackers are accused of exploiting an authorisation process to redirect funds from an internet-connected wallet, possibly after accessing Binance’s wallet-signing system. Binance says it has secured about 80% of the stolen assets, while the rest remains unaccounted for; the company first cited a compromised engineer’s laptop, then said its investigation found further points of breach. The suspected group has also been linked to other cryptocurrency thefts, including a $1.5bn Bybit heist, and analysts say this attack used laundering patterns they had not seen before.

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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.