NBC · 2026-10-31 22:51 UTC

FBI says North Korea was behind the $6.3 billion Binance crypto hack

FBI attributed a $6.3 billion hack of Binance to North Korean state-sponsored unit TraderTraitor, who converted stolen assets into ethereum. Binance replaced 90% of stolen funds using company money to buy new tokens, with remaining 10% consisting of less liquid assets. Exchange set aside $6.34 billion from SAFU reserve, Futures Insurance Fund, and corporate treasury to cover losses; withdrawals expected to reopen Sunday.

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