FBI Attributes $6.3 Billion Crypto Theft to N. Korea
[Inter-Korea] : The U.S. Federal Bureau of Investigation (FBI) has formally blamed North Korea for a cyberattack that stole billions of dollars' worth of cryptocurrency from Binance, the world's largest cryptocurrency exchange. In a statement released Saturday, the FBI said it had confirmed that North Korea was ... [more...]
The FBI stated on Saturday that North Korea was responsible for a cyberattack on the cryptocurrency exchange Binance that occurred on or about October 29, 2026. The theft of more than $6 billion in virtual assets, which includes bitcoin, ethereum, and stablecoins like USD Coin and tether, is believed to be the largest cryptocurrency heist in history.
According to Deutsche Welle Science, DW News, and DW English (Top Stories), the theft took place within a matter of minutes. The news of the attack caused the prices of most major cryptocurrencies to slump on Friday.
The FBI tied the theft to malicious cyber activity by an entity known as TraderTraitor, a group also blamed for a $1.5 billion Bybit hack last year. The Bangkok Post reports that the FBI confirmed suspicions from analysts and private investigators regarding the North Korea-affiliated group. The agency observed the actors converting the stolen assets primarily into ethereum, with expectations that the funds would be further laundered through instant swap services and decentralized finance.
Binance, the world's largest cryptocurrency exchange by daily trading volumes, has offered reassurances that it is covering the losses. The Bangkok Post reports that the company has used its own funds to buy tokens to replenish 90 percent of the stolen assets.
Brief written by urgent.news from KBS World Radio, Deutsche Welle Science, DW News, DW English (Top Stories), Bangkok Post — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
