TECH NEWS

North Korea linked to massive Binance crypto heist

Terrence O'Brien is the Verge’s weekend editor. He’s covered the tech industry for over 18 years and knows a thing or two about synths.

The FBI says North Korea was behind the massive $6.3 billion crypto heist that hit Binance on October 29th. The FBI labeled the activity “TraderTraitor” and said that it had observed actors it has connected to hack converting the tokens to Ethereum and preparing for further laundering of the funds. The agency offered few other details or evidence. The statement says:

North Korea Responsible for $6 Billion+ Binance Attack

The Federal Bureau of Investigation (FBI) is releasing information advising the Democratic People’s Republic of Korea (North Korea) was responsible for the theft of more than $6 billion USD in virtual assets from cryptocurrency exchange Binance, on or about October 29, 2026. The FBI refers to this specific North Korean malicious cyber activity as “TraderTraitor.”

The FBI,...

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