FBI says N. Korea responsible for over US$6 bln crypto theft from Binance
WASHINGTON, Oct. 31 (Yonhap) -- The U.S. Federal Bureau of Investigation (FBI) s...
The FBI has attributed the theft of over US$6 billion in cryptocurrency from Binance to North Korea, identifying the cyber operation as "TraderTraitor." This group, previously linked to previous North Korean cryptocurrency thefts, is believed to have converted the stolen assets primarily into Ethereum. The FBI has warned that the hackers are expected to further launder the stolen funds through decentralized finance platforms and cryptocurrency exchange services.
The U.S. agencies have urged cryptocurrency exchanges, blockchain operators, analytics firms, and other virtual asset service providers to block transactions involving the digital wallet addresses used by the North Korean hackers for laundering the stolen funds. This follows an assessment by U.S. blockchain intelligence firm TRM Labs, which also attributed the estimated $6.36 billion Binance theft to TraderTraitor.
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