TraderTraitor hit Binance for $6.36B, the biggest crypto hack ever. Since Bybit in February 2025, the North Korean unit has taken about $8.57B in six attacks on exchanges and bridges. So far the link to these hacks rests on on-chain tracing: ZachXBT matched Binance and Bitget loot at one THORChain address.

Not one of them used a smart contract bug. Each started with people or infrastructure: a Safe{Wallet} developer's PC, a fake recruiter, hacked RPC nodes, a vendor zero-day and a DevOps laptop.

Only stablecoins get frozen. Most of Binance's frozen $2.7B (42%) is stables that issuers caught in time, while Bitget's attacker swapped them in 41 minutes and just 0.2% was stopped. Without Binance, 5% of the haul is frozen.