TIMES OF ISRAEL · 2026-11-01 04:31 UTC

FBI blames North Korea for stealing billions from world's largest crypto firm

FBI attributes a $6.3 billion theft from Binance to North Korean hackers known as TraderTraitor, the same group behind a $1.5 billion Bybit hack last year. The stolen assets are being converted primarily into Ethereum, with hackers expected to use DeFi and instant swap services to launder the funds. Binance said it has sufficient reserves to cover 90% of the stolen assets and promised full customer reimbursement.

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