The FBI has linked North Korea to a $6.3 billion crypto heist from Binance, the world's largest cryptocurrency exchange. The theft, attributed to the North Korean hacking group TraderTraitor, is believed to be the largest in history. The FBI said the stolen assets are being laundered through Ethereum and other methods.
The FBI confirmed that the heist involved the North Korean group TraderTraitor, which is also linked to a $1.5 billion heist from Bybit in February 2025. The stolen assets are expected to be further laundered through decentralized finance and instant swap services. The FBI has asked exchanges and blockchain companies to block transactions linked to the stolen assets.
Binance has used company funds to recover 90% of the stolen assets, with the remaining 10% consisting of less liquid tokens. The exchange has suspended user withdrawals but is on track to resume them. The FBI is working to track and disrupt the laundering of the stolen funds.