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The U.S. Federal Bureau of Investigation accused North Korea—specifically the hacking group TraderTraitor—of stealing digital assets worth more than $6 billion from the Binance platform and attempting to launder them by converting them into Ethereum. The bureau published around 500 Ethereum network addresses linked to the money laundering, urging trading platforms, decentralized finance services, and blockchain analytics companies to block transactions associated with them. Binance estimated the financial impact of the breach at around $6.3 billion and said that 90% of the losses had been covered. The attack may be the largest of its kind, surpassing the $1.5 billion theft from Bybit in 2025.
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