FBI says North Korea behind $6 billion crypto theft from Binance
The bureau said the stolen funds are being converted into Ethereum and laundered through decentralized finance and instant-swap services.
- On October 31, the Federal Bureau of Investigation attributed the theft of approximately $6.3 billion from Binance to North Korea's TraderTraitor hacking group, with the breach occurring on or around October 29.
- Binance identified a compromised DevOps engineer's laptop as the initial breach point, which allowed attackers to access a service container and submit unauthorized withdrawal transactions.
- The FBI published 628 cryptocurrency addresses—608 Ethereum, 19 Bitcoin, and one Solana address—and requested that virtual asset service providers block transactions linked to these accounts.
- Cooperation with law enforcement has resulted in around $3 billion being frozen through partnerships with token issuers and industry players, though Binance cautioned that frozen assets are not yet recovered.
- Analysts say Pyongyang uses illicit cyber activity to fund weapons development at "minimal cost," laundering stolen funds through mixing services and private exchanges to bypass financial restrictions.
205 Articles
205 Articles
The US Federal Bureau of Investigation (FBI) reported that the attack targeting Binance, which resulted in the theft of approximately $6.3 billion worth of crypto assets, was carried out by actors linked to North Korea. Binance, meanwhile, is working to compensate its users for their losses...
(Seoul = Yonhap News) Reporter Kwon Ha-young = North Korean-linked hacking activities suspected behind the theft of over $6 billion in virtual assets from Binance, the world's largest cryptocurrency exchange...
FBI confirms North Korea behind record $6.36B Binance crypto heist
The FBI has confirmed that North Korean cybercriminals stole over $6 billion from the cryptocurrency exchange Binance last week, the largest virtual heist in history, publicizing hundreds of wallet addresses linked to the heist to support efforts to reclaim the proceeds. But new revelations suggest freezing the stolen funds could prove difficult due to the […]
Inside TraderTraitor: North Korea's shadowy hacking group behind $6.3 billion crypto
Fake job offers, malicious software and a record $6.3 billion Binance heist: Inside North Korea's shadowy TraderTraitor hacking operation, accused of stealing billions in cryptocurrency to bankroll Pyongyang's weapons and missile programs
The U.S. Federal Bureau of Investigation found the shooter in an investigation into a large-scale theft from the Binance Kryptobiers' accounts, and the Department claimed responsibility for the record theft of the Democratic People ' s Republic of Korea kryptate... in the FBI they claimed to be responsible for the North Korean hacker group TradeTraitor.
It has been confirmed that Bitcoin worth 1.9 trillion won was stolen in the Binance hacking incident, which is suspected to be backed by North Korea. This figure exceeds Tesla's holdings and is three times greater than North Korea's annual export value. Currently, the attackers are attempting to launder money by exchanging the stolen cryptocurrency for Ethereum, and the U.S. Federal Bureau of Investigation has requested that the industry block a…
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