FBI Confirms North Korea Was Behind The $6.3B Binance Hack

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TLDR; The FBI confirms the allegations and has officially attributed the $6.3 billion Binance hack to North Korea-linked hackers. FBI urges cryptocurrency exchanges, DeFi platforms, and blockchain service providers to block transactions associated with the stolen funds. The FBI said its investigation, conducted alongside the U.S. Secret Service and the Internal Revenue Service’s Criminal Investigation division, found that the attackers were converting the stolen cryptocurrency primarily into Ethereum. The Federal Bureau of Investigation (FBI) has confirmed that North Korea was responsible for the massive cryptocurrency theft from Binance on October 29, identifying the operation as the work of the TraderTraitor hacking group. In a statement released on October 31, the agency urged the cryptocurrency industry to help disrupt the movement of stolen assets by blocking transactions linked to hundreds of identified wallet addresses across Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Authorities warned that the funds could undergo further laundering through decentralized finance (DeFi) ...