FBI links $6.4 billion Binance hack to North Korean group, outflows top $4.7 billion

Binance faced one of the largest security breaches in cryptocurrency history after attackers stole over $6 billion in digital assets on October 29, 2026. The FBI attributed the incident to the North Korean-linked group TraderTraitor and announced that the investigation is underway alongside the U.S. Secret Service and IRS Criminal Investigation. Following the breach, Binance reported that affected assets remained fully backed and restored withdrawals, but the hack triggered a wave of customer outflows and wider market repercussions.