Binance was hacked, and bitcoin was taken from its wallets. TRM assesses the attacker got valid signatures from Binance's signing system, so the network accepted the transfers. A valid signature doesn't prove the owner meant it.
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Sources: TRM Labs
| FBI https://www.fbi.gov/investigate/cyber/alerts/2026/north-korea-responsible-for-6-billion-binance-attack | CNBC


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