FBI links $6 billion Binance hack to North Korea's TraderTraitor

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The FBI has attributed the theft of over $6 billion in virtual assets from cryptocurrency exchange Binance to North Korea's "TraderTraitor" campaign, warning that stolen funds are being converted into Ethereum to disguise their origin. The breach occurred on or around October 29, 2026. The FBI, working with the U.S. Secret Service and IRS-CI, observed attackers converting stolen digital assets predominantly into Ethereum and urged exchanges, DeFi platforms, and other service providers to block transactions linked to identified wallet addresses. Approximately $6.36 billion was moved across 10 blockchain networks, prompting Binance to suspend withdrawals temporarily. The TraderTraitor designation has been used previously for North Korean-backed cyber operations, including the February 2025 theft of $1.5 billion from Bybit and attacks on Alphapo, CoinsPaid, and Atomic Wallet in 2023. Federal officials noted North Korea relies on cybercrime to generate revenue for the regime.


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