On October 29, 2026, hackers executed a major cyber heist, stealing over $6 billion from the cryptocurrency exchange Binance. The FBI has attributed this attack to North Korean hackers associated with a group known as TraderTraitor.
5 billion in USD₮ within 30 minutes. The FBI has also requested that crypto exchanges and blockchain analytics companies block transactions linked to addresses associated with the hack.
The FBI's investigation suggests that the stolen assets are being converted primarily into Ethereum. The agency expects that TraderTraitor will attempt to use decentralized finance (DeFi) platforms and instant swap services to further convert the stolen assets.
The FBI has warned that crypto theft is a significant source of funding for North Korea's nuclear weapons program. However, North Korea has denied any involvement in the Binance hack, dismissing the FBI's claims as 'absurd rhetoric' and a political provocation.
This incident is described as the biggest crypto heist in history. Tether has also frozen more than 7 billion USD₮ in secondary market addresses connected to fraud and thefts, highlighting ongoing efforts to combat such activities.