‘Elite North Korean group’ blamed for $6.3bn Binance hack | Business Today

Plus: the rest of this morning's headlines

͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

Support the Guardian Support us   Fund independent journalism 30/10/2026 Binance hack blamed on ‘elite North Korean group’ Plus: BP, UK side-hustle tax-free allowance, Amazon Business live ‘Elite North Korean hackers’ blamed for $6.3bn Binance hack Today’s headlines ‘Elite North Korean group’ blamed for $6.3bn Binance hack in biggest ever crypto heist Healey backs away from cutting welfare cost amid warnings of public finance shortfall BP profits jump as Middle East conflict drives up oil refining margins UK side-hustle tax-free allowance to rise to £3,000 next year TUC leader expects wave of union recognition in private sector over coming year Amazon gives Wall Street mixed financial picture in earnings report Nvidia CEO reportedly targeted by an alleged Chinese spy How £100 vanishes in minutes: inside the ‘slot farms’ targeted in the budget The agenda The crypto industry is reeling from a massive hack at Binance, the world’s largest cryptocurrency exchange. Digital assets worth more than $6.3bn (£4.7bn) have reportedly been taken from Binance by North Korean hackers, apparently after a laptop belonging to one of its engineers was hacked. The company said its teams are “working around the clock” to resolve the issue. “Rest assured that user funds are completely safe,” a Binance spokesperson said in a statement. Binance said it had worked with partners to ⁠freeze the affected assets, with about $3bn ⁠located so far. It gave no update on ​the status of the remaining $3.3bn as the Binance co-founder Yi He said the company would cover “all hacking losses”. TRM Labs, a blockchain intelligence firm that tracks the industry, has declared that an elite North Korean hacking unit called TraderTraitor was responsible for the security breach at Binance. TRM Labs also calculated that the breach was “the largest crypto theft on record”. News of Binance’s security breach sent bitcoin falling by more than 3% to a six-week low of $76,368 – although it has since recovered back to $78,335 (-0.6%). US stocks linked to cryptocurrencies fell in after-hours trading. Shares in the crypto exchange Coinbase Global are down 4.8%, while Strategy, the US company that has been a massive buyer of bitcoin, fell 5.75%. Britain’s housing market is feeling an autumnal chill as rising mortgage rates hit demand. UK annual house price growth slowed to 0.5% in October, the slowest pace since January 2024, data from Nationwide this morning shows. That is down from 0.8% in the year to September. On a monthly basis, the average price of a house was unchanged this month. The jump in fixed-rate mortgages to almost 6%, on average, appears to have dampened buyers’ enthusiasm, pushing up the cost of repaying a mortgage. Today’s key events • 9.30am GMT: UK GDP quarterly national accounts – April to June 2026 • 10am GMT: eurozone GDP report for Q3 2026 We’ll be tracking all the main events throughout the day on our business live blog …   The Feast app: your most useful kitchen utensil Get inspired with more than 8,000 recipes from our world-class cooks and smart, exclusive features to make cooking a breeze. Download the Feast app   In focus Sinkholes, scarred land and scapegoats: the scourge of illegal gold mining in Johannesburg ‘There has to be a bolder shift’: retail and hospitality businesses assess relief in budget Will the budget deliver ‘growth in every postcode’? A new wave of electric ferries is here in the US. Some even fly What is it like to work when your co-workers are AI agents? Opinion & analysis Hold your nose: a £1.25bn subsidy for rich Rolls-Royce’s new engine had to happen Opening the EU debate again is clearly a political minefield. But we have to do it | Simon Jenkins Is this play-safe budget a sign that the prime minister is planning an early election? | Larry Elliott The ‘breathing space budget’ – breathing space for the government, that is | John Crace Burnham promised big change – where was it? Instead we got the Martin Lewis budget | Aditya Chakrabortty In case you missed it Eight of England’s nine water companies still failing on environment, report finds Union in plea to save Poundland from administration, with 12,000 jobs at risk HMRC puts 200 billionaires on UK tax crackdown hitlist US economy grows faster than expected but inflation rises to 3.7% Finland launches criminal investigation into Google’s clearing of forest for datacentre site   When it comes to breaking news and live coverage of the events shaping the world, we think our journalism is second to none. But there’s so much to explore on our website and app. Have you tried one of our brilliant daily puzzles like Wordiply? Or cooked with Feast, our constantly-updated recipe app that’s packed with thousands of recipes from chefs such as Yotam Ottolenghi, Meera Sodha and Rukmini Iyer. And, from sports and lifestyle, to relationships and culture, you’ll never struggle to find anything good to read on the subjects you love. All of the Guardian’s journalism is powered by the financial support of our readers and the fact that we’re independently owned by the Scott Trust. By supporting the Guardian you are directly supporting quality journalism at a time when it is most needed, and keeping it open to those who aren’t able to pay. Support us today with any amount, or from just $5 per month. Support us

Get in touch If you have any questions or comments about any of our newsletters please email newsletters@theguardian.com Manage your emails | Unsubscribe You are receiving this email because you are a subscriber to Business Today. Guardian News & Media Limited - a member of Guardian Media Group PLC. Registered Office: Kings Place, 90 York Way, London, N1 9GU. Registered in England No. 908396