FBI says north korea linked to massive binance crypto heist that stole $6.3 billion from customers
FBI names North Korea
The FBI attributes the theft of $6.3 billion in crypto from Binance customers to actors from North Korea. The attack took place on October 29th, according to the agency. Investigators have given the activity the label “TraderTraitor.” The FBI shared few further details or evidence about the operation.
Stolen assets move to Ethereum
The FBI, working with the USSS and IRS-CI, says it has tracked the stolen assets being converted, mostly into Ethereum. The agency expects those funds to be moved through DeFi and instant-swap services.
Officials said the conversions were part of preparations for additional laundering stages. The statement did not provide more information on the expected route or timing.
Binance resumes withdrawals
Binance restored customer withdrawals after suspending them in the immediate aftermath of the hack. The exchange reopened withdrawals on the same day described in the report. The FBI’s account links the theft to North Korea, while Binance’s response involved temporarily freezing withdrawals. The agency’s public statement offered limited supporting detail.
Key points
- The FBI says North Korean actors stole $6.3 billion from Binance customers.
- The October 29th attack is called “TraderTraitor” by the FBI.
- Investigators observed stolen assets moving mainly into Ethereum.
- Binance reopened withdrawals after freezing them following the hack.