Prop firm news

Binance revealed the scheme behind the $6.3 billion theft from the crypto exchange: 11 keys, 50 attempts, one worked

Binance co-CEO Richard Teng stated that no traces of a private key leak (secret access codes to wallets) were found. At the same time, 11 keys of the exchange's hot wallets (wallets connected to the network for fast payouts) signed transfers to the attacker's address. Withdrawals from the exchange are still halted.

The largest crypto theft in history, $6.36 billion from a crypto exchange, was attributed to DPRK hackers

Analytics firm TRM Labs linked the Binance hack "with high confidence" to the TraderTraitor group - the FBI's name for North Korean state hackers, who are classified as part of the Lazarus Group. This is four times more than the $1.5 billion stolen from Bybit in February 2025.