Binance Pegs Hot-Wallet Losses at $6.3 Billion, Vows to Cover Them as TRM Points to North Korea

Binance now estimates the total impact of Thursday’s drain of its hot wallets at about $6.3 billion , well above the roughly $3.5 billion Unchained counted on Ethereum alone . In a post on X early Friday UTC, the exchange said its initial investigation “suggests that the security incident may involve a compromised DevOps engineer’s laptop,” letting an attacker into a service container to push through unauthorized withdrawals. Binance said it found no sign of a wallet private key leak and would cover all losses from its SAFU fund and company funds. The exchange has not named an attacker and said it was working with law enforcement to identify those behind the theft.

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