FBI says North Korea was behind $6.3 billion Binance heist, the biggest crypto hack in history
Also reported by Newsweek
Summary
The FBI said North Korean hackers known as TraderTraitor were behind the theft of $6.3 billion in cryptocurrency from Binance, and urged crypto firms to block transactions linked to the stolen funds. Binance said it had reserves to cover 90% of the missing assets and promised to reimburse customers in full.Key Facts
- The theft occurred Thursday and involved bitcoin and other digital currencies.
- The FBI linked the attack to TraderTraitor, which it also tied to a $1.5 billion Bybit hack last year.
- The FBI said investigators found that the hackers were converting the stolen assets mainly into ethereum.
- The FBI warned that the hackers may use decentralized finance platforms and instant-swap services to move the assets.
- President Donald Trump said investigators were still learning whether North Korea was involved.
- Crypto expert Ari Redbord said the hackers may split the assets into smaller amounts and move them through smaller exchanges.
- Binance said it had enough of the same digital currencies to cover 90% of the stolen assets and would fully reimburse customers.
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