Oct 30, 2026Technology Business145 words1 min read

North Korean Hackers Blamed for $6.3bn Binance Theft

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A company called TRM says North Korean hackers stole money from Binance.

Binance is a big crypto company. Crypto is digital money.

The hackers took $6.3 billion. This is the biggest crypto theft ever.

TRM is a blockchain company. It watches crypto money moves.

TRM says a North Korean group did the hack. The group's name is TraderTraitor.

A hack is when someone steals money or information online.

Another company, Decrypt, says the hacker is changing the stolen money.

The hacker first had stablecoins. Stablecoins are crypto money with a fixed price.

Banks can freeze stablecoins. Freeze means to stop someone from using money.

Now the hacker is changing the stablecoins into ethereum. Ethereum is another type of crypto money.

Ethereum cannot be frozen. This makes it harder to catch the hacker.

Experts say North Korea often uses hacking to get money.

Vocabulary6 words

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1. How much money was stolen from Binance?

2. Who does TRM say did the hack?

3. Why is the hacker changing money to ethereum?

1. $6.3 billion 2. A North Korean group 3. Because ethereum cannot be frozen

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Play the audio again and fill in the missing words as you listen.

A company called TRM says North Korean hackers stole money from _____.

Binance is a big _____ company.

The hackers took $6.3 billion. This is the biggest crypto _____ ever.

TRM is a _____ company. It watches crypto money moves.

TRM says a North Korean group did the hack. The group's name is _____.

The hacker first had _____. Stablecoins are crypto money with a fixed price.

Banks can _____ stablecoins.

Now the hacker is changing the stablecoins into _____.

Ethereum cannot be frozen. This makes it harder to catch the _____.

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