Binance says North Korean hackers stole $6.34 billion in a technical breach
Binance has said North Korean hackers stole $6.34 billion from the exchange in what it described as a technical breach, a figure that would rank among the largest crypto thefts ever recorded.
The exchange attributed the theft to North Korean actors, according to Token Times. The source material does not specify when the breach occurred, how the funds were taken, or whether any of the assets have been recovered.
If confirmed at that scale, the loss would dwarf most previous exchange breaches and put the security of centralised trading venues back at the centre of the digital-asset debate. North Korea has previously been linked by Western governments to crypto thefts used to fund state programmes.
Binance users and holders of tokens listed on the platform will be watching for details on which assets were affected and whether customer balances are covered. Token Times has not independently verified the figure or the attribution.
What it means for Pakistan: Pakistani users of Binance, one of the most widely used exchanges in the country, face the same questions as any other customers about whether their balances are affected, though the source gives no Pakistani figures. The reported breach also lands as Pakistan builds out its virtual-asset regime under PVARA, giving regulators a fresh case for insisting on custody, reserve and cyber-security standards for any exchange serving Pakistani residents.
