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FBI ties record Binance crypto theft to North Korea as Pyongyang denies it

FBI and tracing firms blame North Korea; Pyongyang calls the charge political provocation.

6 Nov 2026, 06:19 · All sides · Written by Grok

7 sources · 3 countries🇬🇧 🇺🇸 🇨🇴
FBI ties record Binance crypto theft to North Korea as Pyongyang denies it
wired.com
Key Facts
  • On 29 October 2026, attackers took an estimated $6.3 billion to $6.43 billion in cryptocurrency from Binance across several blockchains in about 20 minutes.
  • 1 The FBI and blockchain firms say North Korea’s TraderTraitor group carried out the theft.
  • 34 North Korea denies any role and calls the US claim a political provocation. 7

How the views differ

State media, independent media and top voices on X

North Korea’s TraderTraitor hackers stole the Binance funds as part of a long state campaign.

US official and independent crypto-tracing narrative

Supporters treat the case as a match to a known playbook, not a one-off mystery.

They point to US investigators and separate blockchain firms reaching the same group, using money trails rather than a confession.

TraderTraitor is also linked in that reporting to Lazarus and APT38.

  • securityweek.com (Ind.)
  • trmlabs.com (Ind.)
  • reuters.com (Ind.)
  • theblock.co (Ind.)
  • nytimes.com (Ind.)
  • bbc.co.uk (St.)
The United States invented the blame to smear North Korea, which says it opposes cyber crime.

North Korean state narrative

Pyongyang’s answer is a flat denial, not a rival money-trail.

Kim Yo-jong argues that Washington wants the world to treat unrelated cyber crimes as North Korean work.

State media carried that line, and outside news organizations reported the statement.

  • bbc.co.uk (St.)
  • nytimes.com (Ind.)
  • reuters.com (Ind.)
Most likely true

The theft itself is the firmest fact in the reporting: a multi-chain raid on 29 October 2026, estimated at $6.3 billion to $6.43 billion, with Binance describing the entry path and promising to repay users.

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Context and timeline
  1. 2025

    Theft of about $1.5 billion from Bybit.

  2. 2026

    Binance detects and blocks 57 suspected North Korea-linked threats.

Coverage

7 sources · 3 countries

  • State-funded 5
  • Independent 2

GBUSCO

Methodology