COINDESK · 2026-11-05 16:58 UTC

What is TraderTraitor, the hacking squad behind the $6.3 billion Binance heist

Binance suffered a $6.3 billion cryptocurrency theft attributed by the FBI to North Korean hacking squad TraderTraitor, the largest crypto heist in history. TraderTraitor, also tracked as Jade Sleet and UNC4899, exploits human vulnerabilities through recruitment pitches and compromised software suppliers to gain access to exchange systems rather than relying on advanced coding skills. The group has stolen over $6 billion since 2017 across multiple exchanges including Bybit ($1.5B in February 2025), DMM Bitcoin ($308M), and others, with the stated purpose of raising funds for North Korea.

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