FBI pins $6.3B Binance crypto heist on North Korean hackers
The FBI formally blamed North Korean hacking operation TraderTraitor, linked to Lazarus Group, for the October 29 attack on Binance that resulted in a record $6.3 billion theft. Blockchain intelligence firms had already identified North Korean involvement. Of the stolen assets, $2.85 billion have been verified as frozen or seized. The hackers are actively converting the funds to Ethereum and using decentralized finance platforms to evade detection. The FBI has published wallet addresses and is requesting exchanges and service providers to block related transactions.
Key points
- FBI confirmed $6.3B Binance theft was executed by North Korean Lazarus Group affiliate TraderTraitor
- Majority of stolen funds disappeared within 20 minutes; $2.85B have been frozen or seized
- Hackers converting stolen assets to Ethereum and routing through DeFi platforms to evade tracing
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