FBI blames North Korean group TraderTraitor for $6.3 billion Binance heist
Binance has replaced 90 per cent of the stolen assets and will resume customer withdrawals in phases.
The Federal Bureau of Investigation (FBI) has attributed a theft of more than $6.3 billion in virtual assets from cryptocurrency exchange Binance to a North Korean hacking operation called TraderTraitor. The FBI stated on October 31 that the attack occurred on or about October 29, 2026.
According to reports from Financial Express and Mint, the heist is considered one of the largest digital thefts in history. The FBI noted that the group is expected to use decentralised finance platforms and instant swap services to launder the stolen funds.
Binance confirmed it had covered over 90 per cent of the stolen assets using company funds, including its Secure Asset Fund for Users (SAFU), Futures Insurance Fund, and corporate treasury. Co-CEO Richard Teng stated that users would not face financial impact from the breach.
The exchange announced it would resume withdrawals in phases starting Sunday. These withdrawals will include tokens such as bitcoin, Ether, BNB, Solana, XRP, and Dogecoin.
TraderTraitor is believed to be linked to the larger Lazarus Group. The FBI previously blamed this same unit for a $1.5 billion cryptocurrency theft from the exchange Bybit last year.