Over $6 billion in 20 minutes: FBI accuses North Korea of largest-ever crypto hack against Binance
The FBI called on cryptocurrency exchanges, blockchain infrastructure operators, and other digital asset service providers to help prevent the stolen funds from moving further through the system.
On October 29, 2026, the FBI accused North Korea of perpetrating the largest-ever cryptocurrency theft against Binance, stealing over $6 billion in virtual assets. This hacking operation, identified as "TraderTraitor," is believed to be a North Korean group. The theft occurred on the Democratic People's Republic of Korea's (North Korea's) official cybersecurity alert, which warned that the hackers had already started converting the stolen funds into other cryptocurrencies, particularly Ethereum (ETH).
The FBI, along with the US Secret Service and IRS-CI, urged cryptocurrency exchanges, blockchain infrastructure operators, and other digital asset service providers to block transactions involving the addresses linked to the North Korean hackers. Binance reported that it had recovered around 90% of the stolen cryptocurrency and set aside $6.34 billion to cover the losses.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
