COINTELEGRAPH · 2026-11-01 07:44 UTC

FBI blames North Korea for record $6.3B Binance hack

FBI attributes $6.3 billion theft from Binance to North Korea, calling the operation 'TraderTraitor' and noting stolen assets are being converted to Ether. North Korea-linked hackers accounted for 60% of crypto losses in 2025 and use proceeds to fund nuclear and missile programs, with an estimated $6.75 billion stolen since 2016. FBI urges blockchain service providers to block transactions from addresses used by the hackers as they attempt to launder assets through DeFi and instant swap services.

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