The FBI attributed the October 29 Binance hack, involving approximately $6.3 billion, to the North Korea-linked TraderTraitor hacking group. The investigation was conducted with the U.S. Secret Service and the Internal Revenue Service’s Criminal Investigation division. The attackers were primarily converting the stolen cryptocurrency into Ethereum and using thousands of wallets to move and obscure the funds. The FBI asked cryptocurrency platforms to block transactions associated with more than 600 Ethereum addresses, nearly 20 Bitcoin addresses and one Solana address. Binance covered more than $6.34 billion in losses and replenished approximately 90% of the stolen assets, while industry partners and stablecoin issuers froze billions of dollars.
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