The FBI says North Korean hackers are responsible for a $6.3 billion cryptocurrency theft from Binance, describing it as the biggest hack in the history of the crypto industry. Multiple outlets report the theft happened in minutes and that the FBI links the activity to malicious cyber operations attributed to an entity known as “TraderTraitor.” The FBI also issues alerts warning exchanges and other industry actors to take steps to block or monitor related transactions.

Several outlets add that the operation is connected to earlier North Korean-linked thefts, including a previously reported Bybit hack associated with “TraderTraitor.” Bloomberg and others frame the incident around the scale of the breach and the FBI’s attribution to North Korea. The New York Times emphasizes broader context, noting North Korea’s prior history of high-profile cybercrime.

Other coverage focuses on Binance’s response. Two outlets state Binance says it has covered about 90% of the hack losses and set aside company funds to do so, while investigators continue to pursue efforts to track laundering and disrupt movement of stolen assets.