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FBI blames North Korea for record $6.3bn Binance crypto theft
The FBI says North Korean hackers stole more than $6 billion from cryptocurrency exchange Binance on 29 October.
The FBI has attributed the theft of more than $6 billion from cryptocurrency exchange Binance to North Korea, specifically a group called TraderTraitor. The hack, which occurred within minutes on 29 October, is believed to be the largest cryptocurrency theft in history. The stolen assets included bitcoin, ethereum and stablecoins. Binance said it has replaced 90 per cent of the stolen amount using company funds and promised to cover all losses. The FBI said it observed TraderTraitor converting stolen assets primarily into ethereum and expects further laundering through decentralised finance services. Withdrawals were expected to resume on Sunday.
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