FBI Blames North Korea for $6B Binance Crypto Heist; Withdrawals Resume
The FBI has accused North Korea of stealing over $6 billion in cryptocurrency from exchange Binance around October 29, 2026, marking an unprecedented heist. The agency identified the hacker group TraderTraitor as responsible and is tracking the stolen funds. The FBI stated the thieves are converting the stolen assets into Ether, the Ethereum network's cryptocurrency, to launder them through decentralized finance services and instant exchanges. These methods allow rapid crypto conversions without traditional banks or intermediaries. Binance has reportedly resumed withdrawals gradually as investigators work to trace the funds. The attack represents one of the largest cryptocurrency thefts ever recorded, highlighting ongoing security vulnerabilities in digital asset platforms.