THE INDEPENDENT · 2026-11-01 03:08 UTC

FBI confirms North Korea behind stolen billions from Binance in biggest crypto heist in history

FBI confirms North Korean hackers known as TraderTraitor stole $6.3 billion from Binance in the largest crypto heist in history, the same group behind a $1.5 billion Bybit hack last year. Binance said it has sufficient reserves to cover 90% of stolen assets and promised full customer reimbursement; the hackers manipulated transaction approval systems to access a hot wallet. Bitcoin fell to $76,368 (six-week low) and ether dropped over 3% to $2,178 on the news; Binance's BNB token was down 6.4%.

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