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Back|More than $6 billion in crypto assets stolen from exchanges FBI: North Korea is responsible
More than $6 billion in crypto assets stolen from exchanges FBI: North Korea is responsible
Developing
德国之声·2 days ago·Crypto·3 min read·🇨🇳China·

More than $6 billion in crypto assets stolen from exchanges FBI: North Korea is responsible

Binance promises to fully bear user losses and activate its own funds to repurchase stolen assets

Quick Look

  • The FBI has accused the North Korean hacker group "Trader Traitor" of carrying out a $6 billion theft from the cryptocurrency exchange Binance.
  • Binance has suspended withdrawals and promised to use its own funds to fully compensate users for their losses.

AI-generated summary

Why It Matters

The TraderTraitor organization was previously involved in a $1.5 billion hack against the Bybit exchange. This incident involved the theft of more than $6 billion in virtual assets.

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The FBI said on Saturday (October 31) local time that North Korea was the initiator of the hacker attack on the cryptocurrency exchange Binance.

"North Korea is responsible for this theft. On or about October 29, 2026, more than $6 billion in virtual assets were stolen from the cryptocurrency exchange Binance," the FBI wrote in a statement.

The theft comes amid growing concerns that artificial intelligence models pose a threat to encryption and IT security.

The hack, which reportedly took place within minutes, is considered the largest theft in cryptocurrency history.

The stolen assets include Bitcoin, Ethereum, Tether and USD Coin. Prices of several major cryptocurrencies fell after news of the theft came to light on Friday.

Binance exchange suspended withdrawals after being hacked. On Sunday (November 1), the exchange resumed the withdrawal function in stages, with a total of 15 cryptocurrencies open for withdrawal in the first batch, including Bitcoin, Ethereum, Ripple (XRP) and Dogecoin.

The FBI said the theft was related to malicious cyber activity conducted by a group called "Trader Traitor." This organization is also the group behind the $1.5 billion hacking attack on the Bybit exchange last year.

The FBI stated that they "observed relevant personnel of Trader Traitor converting stolen assets" mainly into Ethereum, stating that these assets would then be laundered through decentralized financial platforms and instant exchange services, while preparing for subsequent money laundering. "

The FBI requires cryptocurrency exchanges, blockchain analysis companies and other relevant institutions to block transactions associated with specific addresses to prevent stolen funds from being laundered to conceal their origin.

Binance is the world’s largest cryptocurrency exchange by daily trading volume.

Binance said on Saturday that it was initiating more than $6.34 billion of its own funds to purchase tokens to recoup about 90% of the assets stolen in the attack. The remaining 10% of assets are made up of less liquid tokens, meaning it may take longer to buy back those tokens, the company said.

Binance posted on "

What to Watch

AI outlook — possibilities, not facts

  • Binance will implement stricter withdrawal and security verification processes

    Very likely · Within weeks

Open Questions

  • ?What are the specific attack techniques used by hackers?
  • ?How is the final flow of stolen assets traced?

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This article was originally published by 德国之声.

Quick Look

  • The FBI has accused the North Korean hacker group "Trader Traitor" of carrying out a $6 billion theft from the cryptocurrency exchange Binance.
  • Binance has suspended withdrawals and promised to use its own funds to fully compensate users for their losses.

AI-generated summary

Story signals

News tone
Sensitive
Emotional intensity
High
News value
High
Global impact
Global
Urgency
Developing
Follow-up likelihood
Certain
Relevance window
Weeks

Source & Reliability

Source
德国之声
Story type
Hard news
Source quality
Full
Published
2 days ago
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Binance
cryptocurrency
hacker attack
Binance
FBI
TraderTraitor
Bybit
cryptocurrency
hacker attack
North Korea
fbi
tradertraitor
network security

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