Friday, October 30, 2026   |   WeatherNewsletter   •   Blog   •   Contact
One Place News
One Place News - Breaking News - Local News - News today
THE DAILY BRIEFINGNews that matters, delivered clearly.
Receive One Place News email updates. Unsubscribe anytime.
BREAKING
Home / U.S. News
U.S. News

How hard is it to recover the $6 billion stolen from Binance?

Security experts are calling it the "largest bank robbery in human history." Getting all of the stolen crypto funds won After hackers stole more than $6 billion from Binance, the cryptocurrency exchange said Friday it is working to…
One Place News   •   October 30, 2026   •   Updated October 30, 2026
How hard is it to recover the $6 billion stolen from Binance?

Security experts are calling it the "largest bank robbery in human history." Getting all of the stolen crypto funds won After hackers stole more than $6 billion from Binance, the cryptocurrency exchange said Friday it is working to recover the assets, a multi-pronged process that experts said involves coordinating with law enforcement and tracking the movement of the stolen funds. "Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds," a Binance spokesperson said in a statement to CBS News. Ari Redbord, a former federal prosecutor and the global head of policy at TRM Labs, a blockchain intelligence company tracking the stolen funds, called the heist the "largest bank robbery in human history." TRM and other security firms attributed the attack to an elite hacking unit linked with North Korea known as "TraderTraitor." The funds were siphoned from internet-connected wallets on Binance's trading platform, Redbord said.

The entire operation took roughly 20 minutes, according to Binance. "The way a cryptocurrency exchange works is basically just like a bank. People put their funds in the bank, and those funds go onto wallets that are controlled by the exchange," Redbord told CBS News. "What North Korea was able to do was breach the

Source & Attribution

This One Place News story was acquired from cbsnews.com. OPN retains the source link and provenance for newsroom review.

Filed Under

U.S. News

Share: Facebook   •   X   •   Email

Related Coverage

ATF's top lawyer, who oversaw overhaul of its firearms regulations, resigns
October 30, 2026
El-Sayed and Stevens feud ahead of key Michigan Senate race
October 30, 2026
Democratic senator blames Egypt press crackdown on US military aid decision – BBC
October 30, 2026