FBI Attributes $6 Billion Binance Theft to North Korea's TraderTraitor

The FBI said North Korea was responsible for the theft of more than $6 billion of virtual assets from Binance on or about Oct. 29, according to a post from its Cyber Branch on X. The bureau refers to this North Korean malicious cyber activity as "TraderTraitor."The FBI, working with the US Secret Service and IRS Criminal Investigation, has observed TraderTraitor actors converting the stolen assets mainly into ether. Those holdings are expected to be laundered further through DeFi and instant swap services as the group prepares subsequent stages.The three agencies urged private-sector players — including THORNode operators, RPC node operators, instant exchanges, DeFi services, blockchain analytics firms and other virtual asset service providers — to block transactions with, or derived from, addresses the actors are using to launder the funds. A list of associated addresses was published in the FBI alert.