by John Solomon
The FBI said law enforcement has observed actors involved in the heist “converting stolen assets primarily into Ethereum.”
The FBI declared Saturday that North Korea carried out the heist of $6 billion in assets from the Binance cryptocurrency exchange, a security incident that has rocked the digital money world.
"The 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 bureau said. "The FBI refers to this specific North Korean malicious cyber activity as "TraderTraitor."
The FBI said law enforcement "has observed TraderTraitor actors converting stolen assets primarily into Ethereum (ETH).
"It is expected these assets will then be further laundered by converting them using DeFi and instant swap services as they prepare them for further laundering stages," it added.
The bureau made public the internet addresses of those involved in the alleged laundering and urged private players in the cryptocurrency to block their transactions.
John Solomon
Source: https://justthenews.com/politics-policy/cybersecurity/fbi-says-north-korea-behind-theft-6-billion-crypto-assets-binance
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