FBI: North Korea Responsible for Binance Theft of More Than $6 Billion

ShenChao TechFlow reported on November 1 that, according to a notice issued by the U.S. Federal Bureau of Investigation (FBI), North Korea is responsible for the theft of more than $6 billion in virtual assets from Binance around October 29. The FBI has referred to the related cyber activity as TraderTraitor.

The FBI stated that, jointly with the U.S. Secret Service and the Internal Revenue Service (IRS) Criminal Investigation division, it observed that the individuals involved mainly converted the stolen assets into ETH, and are expected to further launder the proceeds through DeFi and instant exchange services.

The three agencies urged node operators, instant exchange platforms, DeFi services, and other virtual asset service providers to block and report transactions related to or originating from the addresses listed in the notice as involved in the case.

Source: ShenChao TechFlow