FBI blames North Korea for record $6.3bn crypto heist
Summary
The FBI attributed the theft of $6.3 billion in virtual assets from Binance to North Korea’s TraderTraitor group and said the stolen funds were being laundered, mainly through conversion to Ethereum. Binance said it had replaced 90 percent of the stolen amount with company funds and planned to restore the rest; it expected to reopen withdrawals on Sunday.Key Facts
- The FBI identified North Korea’s TraderTraitor group as responsible for the Binance theft.
- The FBI said the stolen assets were being converted mainly into Ethereum and laundered in stages.
- The FBI urged virtual asset service providers to block transactions tied to suspected digital addresses.
- Binance said it had bought replacement tokens equal to 90 percent of the stolen amount.
- Binance said less liquid tokens made up the remaining 10 percent and could take longer to replace.
- Binance said the replacement funds came from its customer-protection reserve, its Futures Insurance Fund, and its corporate treasury.
- Binance said it was on track to reopen customer withdrawals on Sunday and published a new proof-of-reserves snapshot.
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