FBI Links $6.3B Binance Hack to North Korean TraderTraitor Group

timesnownews.com —

The FBI has attributed the theft of $6.3 billion in cryptocurrency from Binance, the world's largest exchange, to North Korean hackers, identifying the group as TraderTraitor and warning platforms to block transactions from specific addresses to prevent laundering. The FBI linked Thursday's attack to the same entity responsible for last year's $1.5 billion hack of Bybit, noting the stolen assets are being converted primarily into ethereum. The bureau expects further conversions through decentralized finance platforms and instant swap services. Experts predict the hackers will divide funds into smaller amounts and move them through smaller exchanges over months to avoid detection. Binance stated it has reserves covering 90% of the missing assets and pledged to reimburse customers in full.


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