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FBI blames N. Korea’s TraderTraitor for Binance theft, urges crypto industry to block transactions

FBI blames N. Korea’s TraderTraitor for Binance theft, urges crypto industry to block transactions

The FBI and U.S. Secret Service alleged this weekend that North Korean hackers were responsible for stealing more than $6.3 billion from cryptocurrency platform Binance last week. 

In messages on Saturday and Sunday, both federal law enforcement agencies blamed North Korea’s TraderTraitor hacking group for the theft and urged the cryptocurrency industry to stop the funds from being laundered. 

The hackers behind the theft have spent days moving and swapping the funds, conducting thousands of seemingly automated transactions to obfuscate the source of the cryptocurrency and exchange them for coins that can be cashed out into fiat currency. 

The FBI, Secret Service and IRS specifically called out exchanges, decentralized finance…

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