North Korea accused of R100 billion crypto heist as FBI names suspected hackers
Trump says US forces have one or two targets left in Iran, as Tehran threatens retaliation, tensions mount over the Strait of Hormuz and diplomatic efforts continue.
The Federal Bureau of Investigation (FBI) has implicated North Korea for orchestrating a cryptocurrency heist of over $6 billion (R100 billion) from Binance, the world's largest crypto exchange. The massive cyberattack occurred on October 29, 2026, causing a sharp decline in the prices of major cryptocurrencies. Binance assured it would cover the losses, using company funds to replenish 90% of what was stolen.
The exchange halted user withdrawals and began restoring them in phases, starting on Sunday. The FBI confirmed North Korea's involvement, naming an affiliate group called TraderTraitor, previously linked to a $1.5 billion (R25bn) theft from Bybit in February 2025. The FBI warned private sector entities to block transactions with or derived from addresses used by TraderTraitor to launder the stolen assets.
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- FBI blames North Korea for stealing billions from world’s largest crypto firm timesofisrael.com
- Binance opens crypto withdrawals in phases starting with bitcoin following $6.3 billion hack coindesk.com
- FBI blames North Korea for record $6.3bn crypto heist aljazeera.com
