FBI says N. Korea responsible for over $6 bil. crypto theft from Binance

The Korea Times - Nov 1, 2026

WASHINGTON — The U.S. Federal Bureau of Investigation (FBI) said Saturday that North Korea was responsible for the theft of more than $6 billion in cryptocurrency from Binance, the world's largest cryptocurrency exchange, earlier this week. "The FBI is releasing information advising the Democratic People's Republic of Korea was responsible for the theft of more than $6 billion in virtual assets from cryptocurrency exchange Binance, on or about October 29, 2026," the agency said in a cyber alert, referring to North Korea by its official name. The FBI identified the North Korean cyber operation as "TraderTraitor," a name previously associated with cryptocurrency thefts carried out by North Korean hackers. The agency said it had observed the hackers converting stolen assets primarily into Ethereum, a major cryptocurrency, in cooperation with the U.S. Secret Service and the Internal Revenue Service's Criminal Investigation division. The FBI warned that the hackers were expected to further launder the stolen assets through decentralized finance platforms and cryptocurrency exchange services

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