FBI Blames North Korea for $6.3 Billion Binance Crypto Theft
The FBI has accused North Korea of orchestrating this week's cyberattack on cryptocurrency exchange Binance, resulting in the theft of $6.3 billion in digital assets. The FBI labels the malicious activity "TraderTraitor," noting its actors have converted stolen assets into Ethereum and may launder them further via DeFi services. Binance suspended deposits and withdrawals, froze funds, and recovered 90% of the stolen amount, committing to cover all losses. TraderTraitor, linked to the Lazarus group, has conducted crypto thefts since 2020, per CISA. The hack impacted markets, with bitcoin falling over 3% to around $77,400. Binance, based in Malta, previously paid a $4.3 billion fine in 2023 for money laundering violations.