FBI blames North Korea for record $6.3B Binance hack
US agency seeks private-sector help to block further money-laundering of stolen digital assets.
The FBI said that the Democratic People’s Republic of Korea (North Korea) was responsible for the theft of about $6.3 billion in digital assets from cryptocurrency exchange Binance on Thursday.
The FBI said on Saturday in a news release that it refers to this specific North Korean malicious cyber activity as “TraderTraitor,” which it has most recently observed converting stolen assets mostly into Ether (ETH).
It expects these assets to be further converted, using DeFi and instant swap services, as the hackers move to more advanced laundering stages.
Those findings came from a CertiK report that attributed more than $2 billion of an estimated $3.4 billion in 2025 crypto security losses to groups tied North Korea, across 79 of 656 incidents documented that year.