FBI says N. Korea responsible for over $6 bil. crypto theft from Binance
WASHINGTON — The U.S. Federal Bureau of Investigation (FBI) said Saturday that North Korea was responsible for the theft of more than $6 billion in cryptocurrency from Binance, the world's largest cryptocurrency exchange, earlier this week. "The FBI is releasing information advising the Democratic People's Republic of Korea was responsible for the theft of more than $6 billion in virtual assets…
The U.S. Federal Bureau of Investigation (FBI) has revealed that North Korea is responsible for the massive theft of over $6 billion in cryptocurrency from global exchange Binance. In a recent cyber alert, the FBI explicitly named North Korea, using its official name, the Democratic People's Republic of Korea, as the perpetrator of the theft that took place on or around October 29, 2026.
The agency identified the North Korean cyber operation as "TraderTraitor," a moniker previously connected to cryptocurrency thefts carried out by hackers from the region.
The FBI stated that the hackers involved in the heist have been actively converting the stolen assets into Ethereum, one of the prominent cryptocurrencies, in collaboration with the U.S. Secret Service and the Internal Revenue Service's Criminal Investigation division. The agency has warned that the cybercriminals are anticipated to further launder the stolen funds through decentralized finance platforms and various cryptocurrency exchange services.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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