FBI Blames North Korea for $6.3 Billion Binance Hack

pt.euronews.com (Portuguese) —

The FBI has attributed a $6.3 billion hack of cryptocurrency exchange Binance to North Korea, designating the malicious cyber activity as "TraderTraitor." The theft occurred on or around October 29, 2026, targeting Binance's hot wallets. The FBI stated it observed TraderTraitor actors converting stolen assets into Ethereum, expecting further laundering through DeFi services and instant exchanges. Binance suspended deposits and withdrawals during security checks, froze funds, and has covered about 90% of the stolen amount, with withdrawals resuming in phases. TraderTraitor is a North Korean state-sponsored hacking group linked to crypto thefts since 2020, believed to be part of the Lazarus Group. Binance co-CEO Richard Teng said the company is committed to covering all losses with its own funds, assuring users their assets are safe.


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