Isophoric News · Tuesday, November 3, 2026
FBI attributes the $6.3 billion Binance theft to North Korea, which denies it
The FBI said in an alert on Saturday, Oct. 31, that North Korea was responsible for the theft of more than $6 billion in virtual assets from the cryptocurrency exchange Binance on or about Oct. 29, naming a North Korean hacking group it calls TraderTraitor, according to BleepingComputer and the Guardian, which quoted the alert. Kim Yo Jong, a senior North Korean official and the sister of leader Kim Jong Un, rejected the accusation in a statement on Tuesday as "a trite provocation" by the United States, the BBC reported. The FBI said it had seen the group convert the stolen assets mainly into ether and expected them to be laundered further through decentralized finance and instant swap services, and it published 628 cryptocurrency addresses tied to the theft, BleepingComputer reported; the FBI, the Secret Service and IRS Criminal Investigation asked exchanges and other virtual asset providers to block transactions linked to them. Kim said North Korea's consistent policy is to oppose malicious acts in cyberspace, according to the BBC. Binance has said an engineer's laptop was compromised, and a company spokesperson told the BBC on Tuesday that a net $4.72 billion had been withdrawn since withdrawals resumed on Sunday; the company has said it has covered about 95 percent of the stolen assets and will bear the losses, according to the BBC and BleepingComputer.
