Binance, which was founded in China in 2017, allows users to trade digital assets and is estimated to have more than 300 million registered users worldwide.
Founded in China in 2017, Binance allows users to trade digital assets and currently reports more than 300 million registered users worldwide.
North Korea has systematically developed its cyber operations by recruiting promising students from universities and channeling them into hacker groups overseen by the nation's intelligence agency.
Cryptocurrency exchange Binance is attempting to recover from a complex cyber-attack that is believed to be the largest of its kind in history.
The attack has raised concerns among Binance users and the wider crypto industry regarding whether the company can cover the massive financial loss.
Faced with heavy international sanctions and very little industry, officials state that the impoverished regime uses cyber crime to bring money in and raise public funds.
North Korea has consistently denied involvement in such attacks, though cryptocurrency flow analysis and insider interviews from defectors point to the state.
Several analytics firms have linked the heist to a North Korean hacking unit, eclipsing a previous 1.5 billion dollar heist on the Bybit exchange in 2025.
Binance, the world's largest cryptocurrency exchange, says it has frozen around half of the funds stolen in a"complex"hack, after $6.3bn (£4.7bn) was accessed in what is believed to be a record heist.
Two major blockchain analytics firms say they have robust intelligence pointing to a North Korean state-backed group as the likely culprits in the $6.3bn (£4.7bn) hack of Binance, the world's largest cryptocurrency exchange.