FBI ties Binance’s $6.3B crypto theft to North Korean hackers

The FBI confirmed Saturday that North Korean hackers, operating under the name TraderTraitor, were behind the theft of $6.3 billion in cryptocurrency from Binance, marking the largest crypto heist in history. The bureau linked the attack to the same actors responsible for last year's $1.5 billion Bybit hack and urged exchanges to block transactions tied to the stolen funds, noting the hackers are converting assets primarily into ethereum. Binance said it will fully reimburse customers from company funds, with reserves covering 90% of losses, while bitcoin fell to a six-week low and analysts called it the largest financial heist ever recorded.