By Isaac • October 31, 2026 11:33 pm •
The FBI has put a name behind the biggest crypto theft of the year: North Korea.
In an official cyber alert, the bureau said North Korean actors stole more than $6 billion in virtual assets from Binance on or about October 29. The FBI tracks this branch of North Korean cyber activity under the name “TraderTraitor.”
That finding changes the story. This is no longer only an exchange-security disaster or a fight over reimbursement.
It is now an active sanctions, laundering and infrastructure problem touching Ethereum, DeFi services, instant-swap providers and the companies that monitor blockchain activity.
The FBI said it has observed the actors converting stolen assets primarily into Ether. Investigators expect the funds to
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