The FBI has confirmed that North Korean state-sponsored hackers were behind the $6.3 billion crypto theft from Binance, BleepingComputer reports — the largest cryptocurrency heist on record. The bureau attributed the attack to the DPRK group tracked as TraderTraitor.

TraderTraitor is the same North Korea-linked operation U.S. agencies have tied to a string of major exchange compromises, typically built on social engineering of employees and compromised infrastructure rather than breaking the underlying cryptography. A haul of this size dwarfs previous benchmarks — including the Bybit theft that previously held the record — and underscores how central crypto theft has become to Pyongyang's sanctions-evasion playbook.

Formal FBI attribution matters beyond the headline number: it unlocks coordinated tracing and seizure efforts across exchanges and blockchain-analytics firms, which have clawed back portions of past DPRK hauls as the launderers try to move funds through mixers and cross-chain swaps. For Binance, the world's largest exchange, the open questions now are how the intrusion happened, what's recoverable, and how user funds are being made whole.