The FBI says North Korean malicious actors stole $6.3 billion worth of crypto from Binance customers on or about October 29, 2026. The agency labeled the activity "TraderTraitor" and said it observed the actors converting stolen assets primarily into Ethereum (ETH). The FBI, working with the U.S. Secret Service and IRS Criminal Investigation, said the stolen assets will likely be laundered further through DeFi and instant swap services. Binance reopened customer withdrawals after freezing them following the hack.
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North Korea linked to massive Binance crypto heist
This article summarizes reporting by The Verge.
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