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On-chain trackers count roughly $5.57 billion pulled from Binance wallets across three blockchains, with later tallies running as high as $6.3 billion. It is the largest exchange hack on record and has shaken trust in the biggest trading venue, which is why Bitcoin dropped.

Investigators say a North Korean hacking unit likely carried out the roughly $6.3 billion theft. Lazarus has a habit of selling stolen coins over weeks, so the market may face ongoing selling as the funds get laundered.

Large transfers left Binance-labeled wallets toward an address linked to Tornado Cash, and Bitcoin swung down to $78,297 on Binance spot. Funds moving through a mixer are harder to trace and freeze, which keeps the damage uncertain.
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