Blockchain intelligence firms link North Korea to $6.3B hack on Binance

Binance, the world's biggest cryptocurrency exchange, reported on Thursday, October 30, an apparent hack in which approximately $6.3 billion was impacted. A cryptocurrency exchange is a platform where users buy, sell and hold digital assets.

Blockchain intelligence firms, which analyze transactions recorded on public blockchains, link the attack to North Korea. The available information does not say how the attack was carried out, which assets were affected, or whether users lost funds.

Details about the circumstances of the attack and North Korea's alleged role remain limited for now. The exchange describes the incident as an apparent hack, so the story may be updated.