- BIST10010,962+1.88%
- USD49.86+0.15%
- EUR55.82+0.52%
- GOLD3,962.80-0.17%
- INTEREST36.00%-1.00
- BITCOIN77,099+0.54%
- November 3, 202616°
- BIST10010,962+1.88%
- USD49.86+0.15%
- EUR55.82+0.52%
- GOLD3,962.80-0.17%
- INTEREST36.00%-1.00
- BITCOIN77,099+0.54%
- November 3, 202616°
Binance freezes $2.4 billion, reimburses 90% after FBI attributes hack to North Korea
After the U.S. Federal Bureau of Investigation confirmed that North Korean hackers stole more than $6 billion from Binance, a large portion of the funds was frozen. The platform announced that it would reimburse most of the stolen assets and gradually resume withdrawals.
Binance, the world's largest cryptocurrency exchange, announced that it had reimbursed 90% of the stolen assets from its own funds and would gradually resume withdrawals for its customers, starting with Bitcoin, following the hack it suffered on October 29.
Stablecoin issuers froze more than $2.4 billion of the stolen funds, whose total value exceeds $6 billion, in the largest theft in cryptocurrency history.
TraderTraitor in the dock
On Saturday, October 31, the U.S. Federal Bureau of Investigation (FBI) confirmed in a joint statement with the Secret Service and the Criminal Investigation Division of the Internal Revenue Service that the North Korean TraderTraitor group, affiliated with the Lazarus Group, was behind the attack.
The bureau published more than 600 addresses on the Ethereum network, around 20 Bitcoin addresses and one address on the Solana network, urging trading platforms, decentralized finance services and blockchain analytics companies to block transactions linked to them.
A race against money laundering
According to the bureau, the hackers converted most of the stolen funds into Ether and are expected to continue laundering them through swap services and decentralized finance tools. Chainalysis CEO Jonathan Levin said the attackers had used thousands of addresses so far, and that the number could reach tens of thousands in the coming weeks.
In response to a question at the White House, U.S. President Donald Trump said: “We are looking into it,” adding that his administration would discuss the matter with North Korea. The same group had previously been linked to the theft of around $1.5 billion from Bybit in February 2025.
Stay Updated with Hilal Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
