FBI blames North Korea for record $6.3B Binance hack

What happened: The FBI said North Korea was responsible for the theft of about $6.3 billion in digital assets from Binance on Thursday, calling the activity "TraderTraitor." Key numbers: About $6.3 billion stolen from Binance. Why it matters: The FBI urged private sector entities to block transactions tied to the laundering addresses, and expects stolen assets to be further converted via DeFi and instant swap services. CertiK concluded North Korea has industrialized crypto theft into a core state revenue mechanism. Coverage: 11 outlets in 24h

The FBI said North Korea was responsible for the theft of about $6.3 billion in digital assets from Binance on Thursday, calling the activity "TraderTraitor."

The FBI urged private sector entities to block transactions tied to the laundering addresses, and expects stolen assets to be further converted via DeFi and instant swap services. CertiK concluded North Korea has industrialized crypto theft into a core state revenue mechanism.