FBI says N. Korea responsible for over $6b crypto theft from Binance - The Korea Herald
The US Federal Bureau of Investigation has confirmed North Korea was responsible for stealing over $6 billion in cryptocurrency from Binance, the world's largest crypto exchange, on or about October 29, 2026.
The US Federal Bureau of Investigation has confirmed North Korea was responsible for stealing over $6 billion in cryptocurrency from Binance, the world's largest crypto exchange, on or about October 29, 2026. The agency identified the North Korean cyber operation as 'TraderTraitor,' a name previously associated with cryptocurrency thefts carried out by North Korean hackers.
Funds Converted
The FBI said it had observed the hackers converting stolen assets primarily into Ethereum, a major cryptocurrency, in cooperation with the US Secret Service and the Internal Revenue Service's Criminal Investigation division.
Laundering Warning
The FBI warned that the hackers were expected to further launder the stolen assets through decentralized finance platforms and cryptocurrency exchange services that allow users to quickly swap one digital asset for another.
The FBI is releasing information advising the Democratic People's Republic of Korea was responsible for the theft of more than $6 billion in virtual assets from cryptocurrency exchange Binance, on or about October 29, 2026.
Industry Response
The three US agencies urged cryptocurrency exchanges, blockchain operators, analytics firms and other virtual asset service providers to block transactions involving digital wallet addresses used by the North Korean hackers to launder the stolen funds.
The FBI's announcement follows an assessment by US blockchain intelligence firm TRM Labs, which earlier attributed the estimated $6.36 billion Binance theft to TraderTraitor.
Related
