FBI · South Korea · Ethereum · Federal Reserve (FED) · Bitcoinist
FBI Confirms North Korea Was Behind The $6.3 billion Binance Hack
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The Federal Bureau of Investigation (FBI) has confirmed that North Korea was responsible for the massive cryptocurrency theft from Binance on October 29, identifying the operation as the work of the TraderTraitor hacking group.
Key facts
- The FBI’s notice included more than 600 Ethereum addresses, nearly 20 Bitcoin addresses, and one Solana address associated with the operation
- Binance previously said it had allocated more than $6.34 billion in company resources to cover the losses and had replenished approximately 90% of the stolen assets
- The Federal Bureau of Investigation (FBI) has confirmed that North Korea was responsible for the massive cryptocurrency theft from Binance on October 29, identifying the operation as the work
- The attack resulted in approximately $6.3 billion in stolen cryptocurrency, making it one of the largest reported crypto thefts on record
Summary
The FBI confirms the allegations and has officially attributed the $6.3 billion Binance hack to North Korea-linked hackers. FBI urges cryptocurrency exchanges, DeFi platforms, and blockchain service providers to block transactions associated with the stolen funds. The FBI said its investigation, conducted alongside the U.S. Secret Service and the Internal Revenue Service’s Criminal Investigation division, found that the attackers were converting the stolen cryptocurrency primarily into Ethereum. Released on October 31, the agency urged the cryptocurrency industry to help disrupt the movement of stolen assets by blocking transactions linked to hundreds of identified wallet addresses across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).