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Institutional crypto holder loses $2.84M in suspected North Korea-linked SquidSquad hack on BNB Chain

Market News
21 Oct 2026
Crypto news
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Bearish
Institutional crypto holder loses $2.84M in suspected North Korea-linked SquidSquad hack on BNB Chain

An institutional cryptocurrency holder lost about $2.84 million in an October 8 hack on the BNB Chain, allegedly by the North Korea-linked group SquidSquad. The stolen funds were moved through Tornado Cash and converted into Ethereum and Tron-based USDT before reaching wallets linked to North Korean operators and Chinese OTC dealers. The identity of the victim and the hack method remain undisclosed. This incident follows other North Korean-related crypto thefts using Tornado Cash, highlighting ongoing risks from state-linked hacking groups targeting crypto assets.

The North Korea-linked SquidSquad's alleged $2.84 million theft on the BNB Chain provides context for crypto market activity. For readers following cryptocurrency broadly, here is Pluang's market snapshot as of Oct 21, 2026 14:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 42 rose and 7 fell today. Notable movers include CRV (Curve DAO Token) with a 1-day change of +5.80% and a typical hold time on Pluang of 62 days, COTI up +5.27% with a 121-day hold time, and AXS (Axie Infinity) up +5.14% with a 63-day hold time. Pluang order activity shows heavy selling for CRV and AXS, while COTI has a more balanced sell/buy split.

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