FBI Blames North Korea for $6B Binance Hack as Exchange Reopens Withdrawals
Summary
The FBI attributed the theft of more than $6 billion from Binance to North Korean hackers known as TraderTraitor and urged crypto businesses to block linked wallet addresses. Authorities and industry partners froze a significant portion of the stolen assets, but laundering continued across Tron, Ethereum, Bitcoin and Solana through cross-chain services. Binance gradually restored withdrawals, reporting $4.649 billion in withdrawals and $1.01 billion in deposits during the first nine and a half hours, a net outflow of about $3.64 billion. The exchange said it had replenished about 95% of affected assets and would cover user losses. The incident also prompted outflows from Binance and spot Bitcoin ETFs.
