{"id":949141,"date":"2026-11-01T21:14:12","date_gmt":"2026-11-01T21:14:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/949141\/"},"modified":"2026-11-01T21:14:12","modified_gmt":"2026-11-01T21:14:12","slug":"binance-hack-update-fbi-blames-north-korea-but-donald-trump-says-we-dont-know","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/949141\/","title":{"rendered":"Binance hack update: FBI blames North Korea but Donald Trump says \u201cwe don\u2019t know\u2019"},"content":{"rendered":"

The theft<\/a> of billions of dollars from Binance within a matter of minutes, the biggest crypto heist in history<\/a>, was orchestrated by North Korean hackers, the FBI has declared.<\/p>\n

The bureau said in a statement on Saturday (Sunday AEDT) that this week\u2019s attack was tied to \u201cmalicious cyber activity\u201d by an entity known as TraderTraitor, the same actors behind a $US1.5 billion ($2.1 billion) Bybit hack last year.<\/p>\n

\"\"<\/p>\n

Binance, the largest crypto exchange in the world, was hit by a massive hack late last week.\u00a0Getty Images<\/p>\n

The FBI asked crypto exchanges, blockchain analytics companies and others to block transactions linked to various addresses to make sure the money<\/a> was not laundered to cover up its origins.<\/p>\n

It also said its inquiry found that TraderTraitor was converting stolen assets primarily into a cryptocurrency called ethereum.<\/p>\n

The FBI expects that TraderTraitor will now attempt to convert the assets using DeFi and \u201cinstant swap services\u201d.<\/p>\n

Asked by reporters as he appeared on Saturday night (Sunday AEDT) during a Halloween party at his Mar-a-Lago estate in Florida, however, US President Donald Trump<\/a> suggested investigators weren’t yet certain that North Korea<\/a> was involved.<\/p>\n

“I’m not concerned. We’re learning about it,” Trump said of the case.\u00a0<\/p>\n

“We don’t know if it’s North Korea.”<\/p>\n

He added that it could yet be determined that it was.<\/p>\n

Crypto expert Ari Redbord said he expects the hackers will break the stolen assets into pieces and try to launder them through smaller exchanges to evade detection, a process that could unfold over months.<\/p>\n

“It’s bank robbery, in this case, at the speed of the internet<\/a>,” said Redbord, chief policy officer at blockchain intelligence firm TRM Labs.\u00a0<\/p>\n

“However, we can also track and trace those funds in real time in order to build investigations, to disrupt and to seize back funds.<\/p>\n

\u201cIt’s just this cat and mouse game.”<\/p>\n

\"\"<\/p>\n

President Donald Trump speaks at a Halloween party at his Mar-a-Lago estate in Palm Beach.\u00a0AP Photo\/Jacquelyn Martin<\/p>\n

On Thursday, $US6.3 billion ($9 billion) in bitcoins and other digital currency was stolen from Binance, the world\u2019s largest crypto exchange, in what several crypto experts said bore the hallmarks of a North Korean hack.<\/p>\n

The company said on Saturday (Sunday AEDT) that it had enough set aside in the same digital currency that was stolen to cover 90 per cent of the missing assets and promised that customers would be fully reimbursed.<\/p>\n","protected":false},"excerpt":{"rendered":"The theft of billions of dollars from Binance within a matter of minutes, the biggest crypto heist in…\n","protected":false},"author":2,"featured_media":949142,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[43,44,41,39,42,40],"class_list":["post-949141","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/949141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=949141"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/949141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/949142"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=949141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=949141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=949141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}