FBI links Binance hack to North Korean TraderTraitor group

abcnews.com —

The FBI has attributed the theft of billions of dollars from Binance, the largest crypto heist in history, to North Korean hackers linked to an entity called TraderTraitor. The bureau announced the finding on Saturday. The attack, which occurred this week, involved the same actors behind a $1.5 billion Bybit hack last year. The FBI has asked crypto exchanges and analytics firms to block transactions tied to specific addresses, noting the hackers are converting stolen assets primarily into ethereum and may use DeFi services to launder funds. Binance stated it has reserves to cover 90% of the missing assets and promised full customer reimbursement. Experts expect the hackers to break up and launder the funds over months, though blockchain tracking may aid recovery efforts.


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