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Bitcoin, stablecoins and crypto markets: the rules, the money flowing in and out, adoption and the failures. 2 items since launch, newest first.

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North Korea crypto hack: the FBI names it for Binance's $6.3bn, near all it stole before

The FBI said on 31 October that North Korea stole more than $6bn in crypto from Binance, the world's biggest crypto exchange, on or about 29 October, its alert says. That makes the North Korea crypto hack the largest theft the industry has seen, and a jump in scale even for a state that has made stealing crypto a source of revenue. One night's haul comes close to everything North Korea had stolen in crypto before it: $6.75bn up to the end of 2025, by the count of the blockchain analysts at Chainalysis.

The FBI says North Korea's TraderTraitor hackers took over $6bn from Binance: one night's haul, close to the $6.75bn it stole in crypto in all years to 2025.

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October 2026

  1. Binance hack: $6.3bn stolen in the largest crypto theft on record, North Korea blamed

    The Binance hack took about $6.3bn, most of it in 20 minutes: four times the Bybit theft. About $2.7bn is frozen; Binance says it will cover every loss.

    Market noteThe Notebook Desk4 min

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