Summary
The FBI says North Korea was behind the massive [6.3 billion worth of Crypto from Binance customers. The FBI says that malicious actors from North Korea stole 6.3 billion worth of Crypto from Binance customers.   North Korea Responsible for 6 Billion+ Binance Attack The Federal Bureau of Investigation (FBI) is releasing information advising the Democratic People’s Republic of Korea (North Korea) was responsible for the theft of more than $6 billion USD in virtual assets from cryptocurrency exchange Binance, on or about October 29, 2026. The FBI refers to this specific North Korean malicious cyber activity as “TraderTraitor.” The FBI, together with partners at the USSS and IRS-CI, has observed TraderTraitor actors converting stolen assets primarily into Ethereum (ETH). It is expected these assets will then be further laundered by converting them using DeFi and instant swap services as they prepare them for further laundering stages. As expected, Binance reopened customer withdrawals today after freezing them in the immediate aftermath of the hack.