FBI confirms North Korea behind $6 billion Binance hack, names operation TraderTraitor

FBI has officially attributed the $6 billion Binance hack to North Korean hackers, designating the operation as "TraderTraitor". The bureau disclosed linked wallet addresses and urged crypto industry players, including THORChain node operators and DeFi services, to intercept transactions. FBI stated hackers are primarily converting stolen assets to ETH and using DeFi and instant swap services for money laundering. On-chain data shows hackers have moved over $38 million in TRX and are distributing funds across hundreds of wallets, with some funds flowing into THORChain, SunSwap, and Bitget Swap. Binance has recovered approximately 90% of the stolen assets and is allocating 50% of its SAFU fund to cover remaining losses.