FBI Blames North Korea for Record $6 Billion Binance Crypto Heist
FBI accuses North Korea of stealing $6.3 billion from Binance. Exchange restores withdrawals after replacing 90% of lost assets.
POLICY WIRE — Washington, D.C. — The Federal Bureau of Investigation announced on Saturday that the Democratic People’s Republic of Korea was responsible for the theft of over $6 billion in virtual assets. This breach of the Binance cryptocurrency exchange marks one of the largest digital asset crimes ever recorded.
Despite the massive scale of the incident, Binance has managed to stabilize its operations. The exchange reported on Sunday that it had successfully resumed withdrawal services for its users following the raid.
Binance stated that it had replaced 90 percent of the stolen funds. The total value of the heist, which the FBI attributes to state-backed North Korean hackers, was calculated at approximately $6.3 billion in cryptocurrency assets.
According to FBI reporting, specialized hackers affiliated with North Korea executed this massive transfer in a matter of minutes. The agency’s advisory highlights the sophisticated nature of the attack that compromised the platform’s security.
Official communications indicate that the Democratic People’s Republic of Korea remains the primary suspect in this multi-billion dollar loss. The investigation continues as authorities work to track the movement of the remaining assets outside of exchange control.
Reporting by Policy-Wire (PW)
