{"id":5709,"date":"2026-11-01T14:45:47","date_gmt":"2026-11-01T14:45:47","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/01\/fbi-says-north-korea-behind-6-billion-crypto-theft-from-binance\/"},"modified":"2026-11-01T14:45:47","modified_gmt":"2026-11-01T14:45:47","slug":"fbi-says-north-korea-behind-6-billion-crypto-theft-from-binance","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/01\/fbi-says-north-korea-behind-6-billion-crypto-theft-from-binance\/","title":{"rendered":"FBI says North Korea behind $6 billion crypto theft from Binance"},"content":{"rendered":"
\"Binance\"<\/p>\n

Binance said Sunday that it had resumed withdrawals after more than $6 billion in virtual assets were stolen from the cryptocurrency exchange in a major hack the FBI said North Korea was responsible for.<\/p>\n

Binance is the world\u2019s largest crypto exchange by daily trading volumes. News of the hacking attack, which is thought to be the biggest-ever crypto heist, caused the prices of most major cryptocurrencies to fall sharply on Friday.<\/p>\n

The company has offered reassurances it will cover the losses from the attack, saying it has used company funds to buy tokens to replenish 90 percent of what was stolen.<\/p>\n

Binance suspended user withdrawals after the attack but said they would be resumed in phases, the first of which began on Sunday.<\/p>\n

\u201cFirst batch network now opened in phase one of withdrawals,\u201d the exchange posted on X .<\/em><\/strong><\/p>\n

The US law enforcement agency accused North Korea of being behind the hack in a statement on Saturday, confirming earlier suspicions from private investigators and analysts that a Pyongyang-affiliated group called TraderTraitor was responsible.<\/p>\n

TraderTraitor is the same group blamed for a $1.5 billion theft from the Bybit platform in February last year.<\/p>\n

\u201cThe Federal Bureau of Investigation (FBI) is releasing information advising the Democratic People\u2019s Republic of Korea (North Korea) was responsible for the theft of more than $6 billion USD in virtual assets from cryptocurrency exchange Binance, on or about October 29, 2026,\u201d the statement said.<\/p>\n

The FBI added that it had observed \u201cTraderTraitor actors\u201d converting stolen assets into Ethereum, and expected those assets to be laundered further by converting them using decentralized finance and instant swap services.<\/p>\n

It said it was urging private sector entities \u201cto block transactions with or derived from addresses TraderTraitor actors are using to launder these stolen assets.\u201d<\/p>\n

US President Donald Trump cast doubt on the North Korea\u2019s involvement in the hack.<\/p>\n

\u201cI\u2019m not concerned. We\u2019re learning about it. We don\u2019t know if it\u2019s North Korea,\u201d Trump told reporters at his residence in Florida late Saturday.<\/p>\n

The president often reflects with pride on summits he held with North Korean leader Kim Jong Un during his first term.<\/p>\n

Binance has said that it was preparing to gradually resume withdrawals, starting at between 0600 and 0900 GMT on Sunday.<\/p>\n

\u201cWe are taking a phased approach by prioritizing tokens based on the past week data of user demand, so that each network and asset pair can be restored carefully, with stability and security checks completed before access is reopened,\u201d it said.<\/p>\n

\u2013 \u2018Cover the financial impact\u2019 \u2013<\/h2>\n

Binance said Saturday it has set aside more than $6.34 billion in company funds to cover losses in the hack.<\/p>\n

\u201cOur commitment remains the same: Binance will fully cover the financial impact of the funds stolen in this incident,\u201d the company said on X.<\/p>\n

It said it has used company money to buy tokens to replenish 90 percent of the stolen funds, while the remaining 10 percent of tokens are \u201cless liquid, which means they may take longer to source in the required amounts.\u201d<\/p>\n

The attack on Binance came as many observers express worries that the ever-expanding capabilities of artificial intelligence models could compromise cryptography and IT security protocols.<\/p>\n

Bitcoin plunged nearly five percent after the news of the hack, while Ethereum dropped nearly six percent and BNB, native to Binance, tumbled nearly 10 percent.<\/p>\n

The sheer scale of the hack has put a spotlight on the capacity of North Korea \u2014 which faces extensive international sanctions over its nuclear and missile programs \u2014 to find illicit means to capture revenue.<\/p>\n

TraderTraitor is believed to be part of the Lazarus Group, which gained notoriety in 2014 when it was accused of hacking into Sony Pictures as revenge for \u201cThe Interview,\u201d a film that mocked North Korean leader Kim Jong Un.<\/p>\n

\n

Vanguard News<\/a><\/p>\n

The post FBI says North Korea behind $6 billion crypto theft from Binance<\/a> appeared first on Vanguard News<\/a>.<\/p>\n<\/div>\n

Source: <\/p>\n

Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"

Binance said Sunday that it had resumed withdrawals after more than $6 billion in virtual assets were stolen from the cryptocurrency exchange in a major hack the FBI said North… <\/p>\n","protected":false},"author":1,"featured_media":5710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-5709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/5709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=5709"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/5709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/5710"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=5709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=5709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=5709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}