
The US Federal Bureau of Investigation announced that North Korea, linked to 'TraderTraitor', was behind the cyber attack on October 29.
The US Federal Bureau of Investigation (FBI) announced that the North Korea-linked TraderTraitor organization was behind $6.3 billion worth of digital assets stolen from Binance on October 29.
AI-generated summary
The FBI accused North Korea of stealing $6.3 billion from Binance on October 29 and warned that assets could be laundered.
The US Federal Bureau of Investigation (FBI) accused North Korea of stealing $6.3 billion worth of digital assets from cryptocurrency exchange Binance.
In the statement made by the FBI, it was stated that it was assessed that North Korea was behind the theft on October 29 and that the cyber activity in question was linked to an entity known as "TraderTraitor".
In the statement, it was noted that within the scope of the FBI's work with the US Secret Service and the Criminal Investigations Unit of the Internal Revenue Service, it was observed that the attackers mainly converted the stolen assets into Ethereum (ETH).
In the statement, it was stated that the stolen assets are expected to continue to be laundered by transforming them through decentralized finance platforms and instant clearing services in order to prepare for the subsequent laundering stages, and the cryptocurrency addresses that hold or have held the assets related to the theft in question and that are stated to be operated by or closely linked to TraderTraitor actors affiliated with North Korea were also shared.
The FBI called on private organizations in the cryptocurrency industry to block transactions made with or originating from addresses linked to TraderTraitor.
Binance announced that it was investigating reports of a possible security issue and that user funds were safe.
The company later reported that the estimated size of the security breach was $6.3 billion and that approximately $3 billion in assets were frozen.
AI outlook — possibilities, not facts
Crypto platforms will blacklist TraderTraitor linked addresses
Very likely · Within days
The FBI announced that the cryptocurrency theft on October 29 was carried out by the North Korea-linked TraderTraitor group and the stolen assets were converted into Ethereum.
The FBI announced that the theft on October 29 was related to the TraderTraitor organization linked to North Korea and that the stolen assets were converted into Ethereum.
While the FBI assessed that the theft on October 29 was committed by the TraderTraitor organization linked to North Korea, Binance announced that there was a security breach of $ 6.3 billion and $ 3 billion was frozen.

Binance CEO announced that 90 percent of the stolen $6.3 billion crypto assets have been compensated. While work continues for the illiquid 10 percent, withdrawals are planned to restart on Sunday.

The FBI reported that the theft on October 29 was committed by the TraderTraitor organization linked to North Korea, and the stolen assets were converted into Ethereum. Binance announced that approximately $3 billion in assets were frozen.
In his statement in the Oval Office, Trump stated that they investigated the cyber attack against Binance and guaranteed that the company would get the money back. Binance announced that there was an estimated $6.3 billion breach in the attack.