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● LIVE Updated 1h ago · 11 sources tracked

FBI says North Korea was behind $6.3 billion Binance heist, the biggest crypto hack in history

The Federal Bureau of Investigation confirmed that North Korean state-sponsored hackers directed the massive cyber attack against Binance that resulted in the theft of $6.3 billion in cryptocurrency. This incident stands as the largest crypto heist in recorded history. Following the breach, Binance suspended bitcoin and ether withdrawals while working to cover the bulk of the missing funds. Withdrawals have since resumed, though the platform faced $3.64 billion in net outflows upon reopening as users rushed to pull their digital assets.

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  • ✓ The FBI confirmed that North Korean state-sponsored hackers known as TraderTraitor were behind the cyber-theft attack on Binance.
  • ✓ The attack resulted in the theft of $6.3 billion, making it the largest cryptocurrency heist on record.
  • ✓ Binance resumed bitcoin and ether withdrawals after covering the bulk of the stolen funds.
  • ✓ Binance saw $3.64 billion in net outflows as withdrawals resumed following the massive hack.
🛡️ Source Corroboration: 11 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

The Federal Bureau of Investigation officially attributed the record-breaking cryptocurrency heist to North Korean state-sponsored hackers.

Live updates

  1. FBI Links North Korea to Record $6.3 Billion Binance Crypto Heist

    The Federal Bureau of Investigation confirmed that North Korean state-sponsored hackers directed the massive cyber attack against Binance that resulted in the theft of $6.3 billion in cryptocurrency. This incident stands as the largest crypto heist in recorded history. Following the breach, Binance suspended bitcoin and ether withdrawals while working to cover the bulk of the missing funds. Withdrawals have since resumed, though the platform faced $3.64 billion in net outflows upon reopening as users rushed to pull their digital assets.

    Why it matters

    State-sponsored cyber threat actors from North Korea have increasingly targeted decentralized finance platforms and cryptocurrency exchanges to fund government operations. This massive breach highlights ongoing security vulnerabilities within major digital asset exchanges and tests customer trust. Investigators note that stolen assets are frequently converted into other cryptocurrencies like Ethereum before undergoing further laundering.

    What is confirmed

    • The FBI confirmed that North Korean state-sponsored hackers known as TraderTraitor were behind the cyber-theft attack on Binance.
    • The attack resulted in the theft of $6.3 billion, making it the largest cryptocurrency heist on record.
    • Binance resumed bitcoin and ether withdrawals after covering the bulk of the stolen funds.
    • Binance saw $3.64 billion in net outflows as withdrawals resumed following the massive hack.

    Still unconfirmed

    • The stolen assets converted primarily into Ethereum may be further laundered by the hackers.

    What to watch next

    • Further tracking and potential international sanctions regarding the laundered Ethereum funds
    • Additional security audit disclosures from Binance following the resumption of withdrawals
    Sources used for this update (11)
    1. WSJ — Behind the Scenes of Crypto’s Biggest Nightmare: a Record-Breaking Cyber Heist
    2. Fox Business — North Korea responsible for $6 billion Binance cryptocurrency hack, FBI says
    3. Reuters — Binance resumes bitcoin, ether withdrawals after covering bulk of stolen $6.3 billion
    4. CNN — Binance withdrawals resume following $6 billion hack
    5. Bloomberg — Binance Restarts Withdrawals After Record Hack
    6. PBS — FBI says North Korea was behind $6.3 billion Binance heist, the biggest crypto hack in history
    7. CNBC — Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack
    8. www.bleepingcomputer.com — FBI links $6.3 billion Binance crypto heist to North Korean hackers
    9. www.foxbusiness.com — North Korea responsible for $6 billion Binance cryptocurrency ...
    10. nypost.com — North Korea blamed by FBI for hacking Binance in biggest ...
    11. economictimes.indiatimes.com — FBI says North Korea behind $6 billion crypto theft from Binance
    confidence 100%
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