FBI Blames North Korea for $6.3 Billion Binance Heist as Exchange Covers 90%
Updated
Updated · WRAL News · Oct 31
FBI Blames North Korea for $6.3 Billion Binance Heist as Exchange Covers 90%
3 articles · Updated · WRAL News · Oct 31
Summary
$6.3 billion was stolen from Binance in minutes on Thursday, and the FBI said Saturday the attack was orchestrated by North Korean hacking group TraderTraitor.
The bureau said the hackers were already converting the stolen assets mainly into ethereum and warned they would likely use DeFi and instant-swap services to keep laundering the funds.
The FBI asked crypto exchanges and blockchain analytics firms to block transactions tied to identified wallet addresses, while investigators track attempts to split the haul across smaller venues.
Binance said it holds enough of the stolen currencies to cover 90% of the missing assets and pledged to fully reimburse customers after what experts called the biggest crypto heist on record.