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● LIVE Updated 3h ago · 15 sources tracked

Trump says US looking into Binance hack: ‘We don’t know’ if North Korea responsible

President Donald Trump stated that his administration is investigating the massive Binance cyber attack, acknowledging that officials do not yet know if North Korea is responsible. The breach resulted in the theft of $6.3 billion from the world's largest cryptocurrency exchange, marking the largest heist in crypto history. Blockchain intelligence firms and the FBI have blamed North Korea for the breach. Following the incident, the exchange saw $3.64 billion in net outflows during the first nine and a half hours after it reopened withdrawals, prompting crypto exchanges to call for quick moves to bolster defenses.

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  • ✓ President Donald Trump stated that his administration is looking into the $6.3 billion Binance hack.
  • ✓ Blockchain intelligence firms and the FBI have linked North Korea to the $6.3 billion hack on Binance.
  • ✓ Binance recorded $3.64 billion in net outflows during the first nine and a half hours after reopening withdrawals.
🛡️ Source Corroboration: 15 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

President Trump publicly addressed the security breach for the first time, noting that the administration is actively investigating the incident while expressing uncertainty regarding state sponsorship.

Live updates

  1. Trump Says US Investigating Binance Hack as North Korea Links Emerge

    President Donald Trump stated that his administration is investigating the massive Binance cyber attack, acknowledging that officials do not yet know if North Korea is responsible. The breach resulted in the theft of $6.3 billion from the world's largest cryptocurrency exchange, marking the largest heist in crypto history. Blockchain intelligence firms and the FBI have blamed North Korea for the breach. Following the incident, the exchange saw $3.64 billion in net outflows during the first nine and a half hours after it reopened withdrawals, prompting crypto exchanges to call for quick moves to bolster defenses.

    Why it matters

    The massive breach highlights severe security vulnerabilities within the digital asset sector. Binance has frequently faced accusations of abetting crypto crimes in the past, but the platform has now become a victim of a historic heist. Industry participants are rushing to recover the stolen funds as the event triggers widespread concern across the financial technology sector.

    What is confirmed

    • President Donald Trump stated that his administration is looking into the $6.3 billion Binance hack.
    • Blockchain intelligence firms and the FBI have linked North Korea to the $6.3 billion hack on Binance.
    • Binance recorded $3.64 billion in net outflows during the first nine and a half hours after reopening withdrawals.

    Still unconfirmed

    • Blockchain intelligence firms suspect the hack was carried out by the North Korea-based group TraderTraitor.

    What to watch next

    • Official findings from the United States government investigation into the hack
    • Further recovery efforts regarding the stolen $6.3 billion
    • Additional security measures implemented by cryptocurrency exchanges
    Sources used for this update (15)
    1. CNN — World’s largest crypto exchange hit by world’s largest heist
    2. NPR — Blockchain intelligence firms link North Korea to $6.3B hack on Binance
    3. The New York Times — Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era
    4. WSJ — How Binance Is Racing to Cover Losses in the Biggest Heist in Crypto History
    5. The Hill — Trump says US looking into Binance hack: ‘We don’t know’ if North Korea responsible
    6. AP News — Long accused of abetting crypto crimes, Binance has now become a victim
    7. Reuters — Crypto exchanges call for quick moves to bolster defenses after Binance heist
    8. BBC — 'Rush to recover stolen $6bn' and 'War on wind farms'
    9. The Atlantic — A Very Bad 24 Hours for Crypto
    10. www.dailymail.com — A day of reckoning for Trump favorite Darline Graham as deep red South Carolina teeters on the brink
    11. www.flickonclick.com — Binance Hack Explained: How North Korean Hackers Stole $6.3 Billion and What CZ Said
    12. decrypt.co — FBI Blames North Korea for $6B Binance Hack as Exchange Reopens Withdrawals
    confidence 100%
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