North Korea has rejected U.S. allegations that it was behind the roughly $6.3 billion Binance hack, calling the accusation a “grave political provocation,” according to state media. Kim Yo Jong, sister of leader Kim Jong Un, criticized the FBI for attributing the attack to the North Korea-linked group TraderTraitor. Blockchain analysts Elliptic and Chainalysis say the hackers used roughly 12,000 wallets across 11 blockchains in the first four days, making more than 40,000 transactions, mostly routed through Tron before moving to Ethereum via cross-chain bridges. About $2.85 billion, or 44% of the $6.43 billion Elliptic says was stolen, has been frozen or seized, while about $3.24 billion remains in linked addresses. Binance said it has covered about 95% of the affected amount and is resuming withdrawals in phases.
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 11/02/2026 | 699.25 |
| Change that session | -1.89% |
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/02/2026 | 76,816.00 |
| Change that session | -1.96% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- North Korea denies role in $6.3B Binance hack, points finger at US
Kim Yo Jong, sister of North Korean leader Kim Jong Un, denied North Korea's involvement in the $6.3 billion Binance hack and called the US allegations politically motivated. She gave no evidence when suggesting the US could be behind the theft, and also rejected the FBI's blame for the $1.5 billion Bybit hack in February 2025. By contrast, TRM Labs attributed the attack to North Korea's TraderTraitor group with high confidence, while Chainalysis and ZachXBT also linked it to North Korean hackers. ZachXBT said funds stolen in the Binance and Bitget hacks were commingled at the same address after passing through THORChain, and Bitget CEO Gracy Chen said IP addresses were linked to VPN services used by a certain DPRK group.
- North Korea's Bitcoin heist is worth 3x its exports and more than Tesla holds
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- North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
According to Elliptic, North Korean hackers spread the $6.43 billion stolen from Binance across about 12,000 wallets on 11 blockchains in under four days, with more than 40,000 transactions. Thanks to fast freezes by Tether and Circle, about 44% of the funds, or $2.85 billion, has been frozen or seized, compared with roughly 3% after the $1.5 billion Bybit hack in February 2025, though about $786 million in stablecoins still got away. About $3.24 billion remains in linked addresses, and Elliptic expects the funds to be cashed out over months through over-the-counter brokers. The FBI has attributed the attack to TraderTraitor, a North Korean state-linked hacking group.
- Binance Hacked for $6.36 Billion. What's Next for Crypto?
Binance was hacked for about $6.36 billion, described as the largest crypto theft on record. Starting at 20:05 UTC on Thursday 29 October 2026, funds left its hot wallets across ten blockchains, most of them within about 20 minutes. The attackers prepared for at least 36 hours, withdrawing small amounts via Tornado Cash, then at 20:20 UTC pushed through 50 pre-signed withdrawal approvals, moving 167,464 ETH and 63 other assets, including 1.6 billion USDT. Binance first said a DevOps engineer's laptop was compromised, and co-CEO Richard Teng called it a “complex attack”; on Saturday 31 October, the FBI said North Korea was behind it, naming TraderTraitor, the unit it blamed for the $1.5 billion Bybit hack in February 2025. By 00:30 UTC on Friday, about $2.7 billion had been frozen.
- No proof of AI in North Korean hackers move of stolen Binance funds
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The FBI said North Korea's TraderTraitor was behind the theft of more than $6 billion from Binance and published hundreds of linked addresses. Binance began restoring withdrawals on Sunday, processing $4.649 billion in withdrawals and $1.01 billion in deposits in the first nine and a half hours, a net outflow of about $3.64 billion, or 2.1% of the $171 billion in assets reported in its latest proof of reserves. The FBI said the hackers mainly converted stolen assets into Ethereum and were expected to launder funds through DeFi and instant swap services, urging businesses to block transactions tied to hundreds of Ethereum addresses, 19 Bitcoin addresses and one Solana address. Chainalysis said more than $500 million had moved through Tron, while CEO Richard Teng said Binance had replenished about 95% of affected assets and would absorb the financial impact. According to Reuters, Circle has frozen more than $1.1 billion in USDC.
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