The FBI has accused North Korea of orchestrating a massive $6.3 billion crypto heist from Binance on October 29, 2026. The agency, which dubbed the operation "TraderTraitor", claims to have observed hackers linked to North Korea converting stolen tokens into Ethereum (ETH) in preparation for further laundering.
The FBI, along with the US Secret Service (USSS) and IRS-Criminal Investigation (IRS-CI), stated that the stolen assets are expected to be laundered through decentralized finance (DeFi) and instant swap services. The agency provided few additional details or evidence to support its claims.
Binance has since resumed customer withdrawals, which were frozen immediately after the hack. The exchange has not yet issued a public response to the FBI's allegations.