Trump says US looking into Binance hack: ‘We don’t know’ if North Korea responsible
Blockchain firms say the attackers laundered funds within minutes and froze about $3 billion as Binance pledged to cover customer losses.
- On Saturday, President Donald Trump said his administration is "learning about" the record $6.3 billion Binance hack, appearing to contradict the FBI's attribution to North Korean hackers.
- Investigators from TRM Labs and Chainalysis attribute the October 29 breach to TraderTraitor, a North Korean unit that exploited a May 2025 Ethereum upgrade to automate transfers from Binance's hot wallet.
- Binance has reserved over $6.34 billion to cover losses, with company officials confirming they froze about $3 billion in assets while working with law enforcement to recover remaining funds.
- Director Kash Patel asserted Saturday that an investigation uncovered an unprecedented hack executed by TraderTraitor; Binance CEO Richard Teng assured users the platform is "working nonstop" to resolve the incident.
- Analysts warn that cyberattacks generate significant foreign currency income for North Korea's military programs, a practice Western governments have accused the nation of fostering despite previous denials from officials in Pyongyang.
118 Articles
118 Articles
BREAKING: FBI Confirms North Korea Behind $6 BILLION Binance Hack — Trump Responds
Federal investigators say a North Korean military hacking unit stole more than $6 billion in cryptocurrency from Binance, the largest digital asset theft in history. The FBI is now urging crypto firms to freeze wallet addresses tied to the stolen funds.
The U.S. federal police (FBI) officially accused North Korea on Saturday of the $6.3 billion record theft by hacking Binance, the world's largest cryptocurrency trading platform, reports AFP.
Trump denied the FBI's version of the DPRK attack on Binance crypto exchange Donald Trump said that the United States is not yet sure that the DPRK was involved in the attack on Binance<p>. The FBI has previously confirmed this version.</p>
The American president promised to "discuss this issue with North Korea," if it was her fault.
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