Cointelegraph reported that the speaker said this indicates the same actor is likely behind both incidents.
“This indicates the same actor is likely behind both incidents,” he said.
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An independent record of the October 2026 Binance hack
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“This indicates the same actor is likely behind both incidents,” he said.
In a separate post, onchain investigator ZachXBT said the stolen funds from the Binance attack and the earlier Bitget exploit were commingled in the same address on Friday, after arriving via THORChain.
Chainalysis co-founder and CEO Jonathan Levin said the Binance hack was likely carried out by North Korean hacking group TraderTraitor , citing links to a previous hack. In a post on X, Levin put the theft at $6.4 billion, slightly above Binance’s estimated $6.3 billion impact.
The Bitget exploit was attributed to DPRK-linked
Stolen funds from the $6.3B Binance exploit and $388M Bitget exploit were commingled at the same address 45 minutes ago, after arriving via THORChain. This indicates the same actor is likely behind both incidents.
That direct on-chain link strengthened our assessment that TraderTraitor carried out the Binance hack and we announced it on October 30, 12:30am Eastern Time.
04:30 | First public attribution to TraderTraitor.
Binance said withdrawals remain paused while it completes a security revamp of its withdrawal service and related addresses, with service expected to resume within 48 hours.
We assess @binance hack for $6.4B was likely done by DPRK group TraderTraitor due to links to previous hack.
From what I've read, DebugBear is related to the Polymarket hack, not Binance.
We will also publish an updated Proof of Reserves once the remediation is complete.
Note: This announcement was updated on 2026-10-30 to clarify deposits remain unaffected and continue to operate as normal.
As an immediate precaution, Binance has: - temporarily suspended withdrawals while security checks are completed; - revoked the affected address authorisation; - engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe.
We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
The estimated total impact sits at around $6.3B.
We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates.
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak.
Binance's update of 02:23 UTC, Oct 30 , says its initial investigation "suggests that the security incident may involve a compromised DevOps engineer's laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions," and that it has "found no evidence of any wallet private key leak."
Binance says it will cover all losses from its SAFU reserve and company funds, and that user funds are safe.
Coinbase CEO Brian Armstrong said Coinbase is "doing everything we can to support in the current situation," including blocking transfers to compromised wallets.
Blockchain analytics firm Chainalysis estimated that roughly $5.9 billion was stolen at the time of the theft.
LlamaRisk, an Aave risk service provider, said in its 1:00 am update that the attacker’s position subsequently held around $59.9 million in USDT collateral against $43.8 million in debt. Aave said the position remained overcollateralized and did not put protocol suppliers at risk.
The update came after the Arbitrum Security Council said it executed a transaction to freeze $30.5 million from the Binance exploit, involving 74.6 million Arbitrum (ARB) and 8,425 Ether (ETH). “The Security Council acted by weighing its commitment to the security and integrity of the Arbitrum community and Arbitrum governance without impacting any Arbitrum users or applications,” it said. “As of October 30, 2026 time, the funds have been successfully transferred to an intermediary frozen wallet,” it said.