FBI links $6.3 billion Binance crypto theft to North Korean hackers

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The FBI has attributed the theft of $6.3 billion in cryptocurrency from Binance, the largest crypto heist in history, to North Korean hackers. The bureau linked the attack to an entity called TraderTraitor, which was also responsible for a $1.5 billion Bybit hack last year. The FBI requested that crypto exchanges and blockchain analytics firms block transactions tied to specific addresses to prevent laundering. Investigators found TraderTraitor is converting stolen assets primarily into ethereum and may use DeFi services or instant swap tools next. Binance stated it has reserved enough digital currency to cover 90 percent of the missing assets and promised full customer reimbursement. The theft occurred on Thursday, with experts noting it bore hallmarks of North Korean cyber activity.


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