← Back to News
World

FBI blames North Korea for record $6.3bn crypto heist from Binance

Crypto firm Binance says it has covered 90 percent of losses from the multibillion-dollar hack.

Al Jazeera•

The FBI has linked North Korea to the theft of a record $6.3bn in virtual assets from cryptocurrency exchange Binance.

Malicious actors from North Korea were observed laundering the ⁠stolen assets ⁠by converting them primarily into the cryptocurrency Ethereum, ⁠the FBI said in a statement on Saturday.

The US agency blamed the operation specifically on a group called TraderTraitor, the same group blamed for a $1.5bn theft from the Bybit platform in February last year.

The remaining 10 percent consists of less liquid tokens, meaning they ⁠may take longer to buy, it added.