FBI blames North Korea for $6 billion Binance crypto hack

Richard Teng, co-chief executive officer of Binance, speaks during the Token2049 conference in Singapore, on Oct. 8. | BLOOMBERG

Bloomberg, REUTERS

Nov 1, 2026

The FBI said that North Korea was responsible for stealing more than $6 billion in cryptocurrencies in a brazen hacking attack on Binance.

“The FBI, together with partners at the USSS and IRS-CI, has observed TraderTraitor actors converting stolen assets primarily into Ethereum,” the FBI said Saturday in a statement, referring to the U.S. Secret Service and the criminal division of the Internal Revenue Service. “It is expected these assets will then be further laundered by converting them using DeFi and instant swap services as they prepare them for further laundering stages.”

Earlier, Binance said it has covered about 90% of the $6.3 billion and plans to restore withdrawals by Sunday, making progress on a pledge to fully reimburse customers.

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