FBI links Binance heist to North Korean hackers in record $1.5B crypto theft

kcra.com —

The FBI attributed the theft of billions of dollars from Binance, the largest crypto heist in history, to North Korean hackers on Saturday. The attack occurred within minutes this week and was linked to an entity called TraderTraitor. The bureau identified TraderTraitor as the same group behind a $1.5 billion Bybit hack last year and asked exchanges to block transactions from linked addresses. The hackers are converting stolen assets into ethereum, with FBI expectations of further laundering via DeFi services. President Donald Trump said investigators are not yet certain of North Korea's involvement, while experts predict the hackers will launder funds through smaller exchanges over months. Binance said it has reserves to cover 90% of the missing assets and will fully reimburse customers.


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