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FBI says North Korea was behind $6.3 billion Binance hack; withdrawals resume

The FBI says North Korea-linked hackers stole $6.3 billion from Binance, the largest crypto hack on record, and the exchange has restarted withdrawals after covering 90% of the losses.

Posted Updated (20 hr ago)

The FBI says North Korea was behind the $6.3 billion hack of cryptocurrency exchange Binance, the largest crypto theft on record. In a statement, the bureau tied the theft to "malicious cyber activity" by a group known as TraderTraitor, according to PBS NewsHour and Deutsche Welle. They report the same actors were behind a $1.5 billion hack of the exchange Bybit last year.

The Verge dates the hack to October 29th. It reports the FBI has seen actors connected to the hack converting the stolen tokens to Ethereum and preparing to launder the funds further. The Verge says the agency gave few other details.

Binance has restarted withdrawals, Al Jazeera reports. The Guardian had earlier said they were expected to resume Sunday.

In a post on X on Saturday, Binance said it has replaced 90% of the stolen amount, The Guardian and Al Jazeera report. The other 10% is in less liquid tokens, which may take longer to buy. Co-CEO Richard Teng said separately that Binance is committed to covering the rest and that users will not bear the financial impact, according to The Guardian.

On Friday, President Trump said his administration was looking into the hack. Asked in the Oval Office whether the suspected North Korean group was responsible, he said, "We don't know," The Hill reports. The FBI statement came after that.

France 24 reports that a coordinated effort by major crypto platforms froze roughly $3 billion of the stolen assets by Thursday night in the U.S. The New York Times reports that crypto stocks and cryptocurrencies such as Bitcoin fell after the hack. CBS News says tech stocks also dropped on concerns over AI investments.

Reported by

  1. BBC NewsCrypto giant Binance freezes $2.5bn of assets over suspected hackThu, Oct 29, 8:37 PM EDT
  2. Deutsche WelleBinance crypto platform suspends trades amid suspected hackThu, Oct 29, 8:55 PM EDT
  3. Deutsche WelleCryptocurrency exchange Binance suspends trading amid a suspected cyberattack now linked to North KoreaThu, Oct 29, 8:55 PM EDT
  4. Deutsche WelleBinance crypto exchange suspends trades over North Korea-linked hackThu, Oct 29, 8:55 PM EDT
  5. The HillPotential Binance 'hack' forces crypto firms to freeze $3 billionThu, Oct 29, 10:41 PM EDT
  6. The New York TimesBinance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in LossesThu, Oct 29, 11:07 PM EDT
  7. The New York TimesBinance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in LossesThu, Oct 29, 11:07 PM EDT
  8. CBS News$6.3 billion Binance hack was likely work of North Korea, intel firms sayFri, Oct 30, 7:26 AM EDT
  9. BBC NewsFrom Bitcoin to Binance: Crypto terms and what they meanFri, Oct 30, 7:35 AM EDT
  10. NPRBlockchain intelligence firms link North Korea to $6.3B hack on BinanceFri, Oct 30, 9:01 AM EDT
  11. The New York TimesBinance Hack Sends Crypto Stocks TumblingFri, Oct 30, 10:25 AM EDT
  12. France 24Biggest hack in history: Cryptocurrency giant Binance loses $6.3 billionFri, Oct 30, 11:34 AM EDT
  13. The HillNorth Korea linked to $6.3B Binance hackFri, Oct 30, 11:40 AM EDT
  14. BBC NewsCrypto giant Binance attempting to recover $6.3bn stolen in hack linked to North KoreaFri, Oct 30, 12:48 PM EDT
  15. The HillTrump says US looking into Binance hack: 'We don't know' if North Korea responsibleFri, Oct 30, 5:46 PM EDT
  16. CBS NewsTech stocks plunge amid AI concerns as $6.3 billion Binance hack raises security fearsFri, Oct 30, 7:42 PM EDT
  17. BBC NewsWhy North Korea's 'elite' hackers are the prime suspect in major Binance hackFri, Oct 30, 10:12 PM EDT
  18. Deutsche WelleFBI says North Korea behind $6 billion Binance crypto theftSat, Oct 31, 9:53 PM EDT
  19. Al JazeeraFBI blames North Korea for record $6.3bn crypto heistSat, Oct 31, 10:28 PM EDT
  20. The GuardianBinance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attackSat, Oct 31, 10:41 PM EDT
  21. Al JazeeraBinance restarts withdrawals after $6.3bn heistSun, Nov 1, 7:50 AM EST
  22. The VergeNorth Korea linked to massive Binance crypto heistSun, Nov 1, 9:33 AM EST
  23. PBS NewsHourFBI says North Korea was behind $6.3 billion Binance heist, the biggest crypto hack in historySun, Nov 1, 11:20 AM EST

This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.

Earlier versions (11)
  1. Sun, Nov 1, 9:35 AM EST, 10 outlets: Binance restarts withdrawals after $6.3 billion hack the FBI blames on North Korea
  2. Sat, Oct 31, 10:50 PM EDT, 9 outlets: Binance says it has replaced 90% of $6.3 billion stolen in hack
  3. Sat, Oct 31, 10:00 PM EDT, 7 outlets: FBI says North Korean group TraderTraitor was behind Binance hack
  4. Fri, Oct 30, 5:50 PM EDT, 7 outlets: Trump says U.S. is looking into Binance hack, doesn't know if North Korea did it
  5. Fri, Oct 30, 11:45 AM EDT, 7 outlets: Crypto stocks fall after Binance hack; firms freeze about $3 billion
  6. Fri, Oct 30, 9:05 AM EDT, 6 outlets: Binance reports $6.3 billion affected in apparent hack; North Korea link alleged
  7. Fri, Oct 30, 7:30 AM EDT, 5 outlets: Binance hack of more than $6 billion likely North Korean work, intel firms say
  8. Fri, Oct 30, 7:00 AM EDT, 4 outlets: Binance hack now linked to North Korea, Deutsche Welle reports
  9. Thu, Oct 29, 11:20 PM EDT, 4 outlets: Binance says "security incident" may cause $6.3 billion in losses
  10. Thu, Oct 29, 11:00 PM EDT, 3 outlets: Suspected Binance hack leads crypto firms to freeze about $3bn
  11. Thu, Oct 29, 9:00 PM EDT, 2 outlets: Binance freezes $2.5bn in assets over suspected hack