FBI attributes $6.7 billion Binance hack to North Korean TraderTraitor group

techradar.com —

The FBI has formally attributed the theft of approximately $6.7 billion in cryptocurrency from exchange Binance to North Korea’s TraderTraitor group, marking one of the largest heists on record. The attack occurred on or around October 29, 2026, and forced Binance to temporarily freeze deposits and withdrawals. Investigators, including the FBI, USSS, and IRS-CI, observed TraderTraitor converting stolen assets primarily into Ethereum, with plans to launder funds through DeFi and instant swap services. Binance stated a DevOps engineer’s compromised laptop allowed unauthorized withdrawal transactions, though user funds were protected by the exchange’s SAFU security reserve. TraderTraitor is part of the Lazarus Group, a North Korean state-sponsored operation accused of funding the country’s weapons program. The group runs scam campaigns like Operation DreamJob and Contagious Interview, targeting software and DevOps professionals with fake job offers. The FBI has shared wallet addresses and requested service providers block related transactions.


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