North Korea responsible for $6 billion Binance cryptocurrency hack, FBI says

Live updates

1. 2h ago

   FBI Blames North Korea for $6 Billion Binance Crypto Hack

   The Federal Bureau of Investigation attributes the massive cyber heist targeting Binance to North Korea and its TraderTraitor unit. The attack resulted in the theft of billions in cryptocurrency. Following the security breach, Binance suspended withdrawals for major digital assets before partially restoring them. The unprecedented theft triggered market-wide concerns over digital currency values, while federal regulators including the Federal Reserve and the Office of the Comptroller of the Currency initiated outreach to United States lenders to review cyber defenses.

   Why it matters

   The incident represents the largest cyber heist in history, exposing significant vulnerabilities within major digital asset trading platforms. Security firms reported that the attackers executed the multi-billion-dollar transfer using low-cost operational methods. The scale of the breach prompted broader government scrutiny regarding the security intersections between traditional banking institutions and cryptocurrency platforms.

   What is confirmed

   • The FBI states that North Korea is responsible for the $6 billion cryptocurrency hack targeting Binance.
   • The FBI specifically blames North Korea's TraderTraitor unit for stealing over $6 billion from Binance on October 29, 2026, and reports the funds are being swapped into ether.
   • Binance resumed withdrawals for some major cryptocurrencies following the multi-billion-dollar heist.
   • The Federal Reserve and the Office of the Comptroller of the Currency contacted United States banks following the hack as lenders reviewed their cyber defenses.

   Still unconfirmed

   • Hackers spent just $15 to steal billions from Binance in a single transaction using techniques identified by blockchain security firm Blockaid.

   What to watch next

   • Further regulatory actions or findings from the Federal Reserve and the Office of the Comptroller of the Currency regarding banking and crypto security.
   • Additional intelligence disclosures from the FBI concerning the movement and conversion of the stolen funds.
   Sources used for this update (17)

   1. www.nbcnews.com — NBC News - Breaking Headlines and Video Reports on World, U.S....
   2. www.foxbusiness.com — Great Business Leaders in America & Around the World | Fox Business
   3. www.businesstimes.com.sg — Meta rolls out consumer AI agent in Singapore amid global safety, retail pushback
   4. www.rte.ie — Houthis target Aden after 14 killed in strikes in Yemen
   5. www.geo.tv — Fed keeps rates unchanged as strong growth and stubborn inflation complicate outlook
   6. WSJ — Behind the Scenes of Crypto’s Biggest Nightmare: a Record-Breaking Cyber Heist
   7. The Washington Post — How suspected North Korean hackers swiped billions in crypto in only minutes
   8. The New York Times — How Binance’s $6.3 Billion Hack Went Down
   9. CNN — Notorious hacker says stolen crypto is like ‘holding a hot potato’
   10. Fox Business — North Korea responsible for $6 billion Binance cryptocurrency hack, FBI says
   11. KCRA — FBI blames North Korea for stolen billions from Binance in biggest hack in history
   12. CBS News — Binance resumes withdrawals for some major cryptocurrencies after $6 billion heist
   confidence 100%