FBI Confirms North Korea Behind Binance Hack, Seeks Blocks

On October 31, the FBI attributed the theft of more than $6 billion from Binance to North Korean activity it tracks as TraderTraitor and, with the Secret Service and IRS Criminal Investigation, asked operators of the THORChain cross-chain swap protocol and other virtual-asset providers to block transactions linked to published addresses. The agencies say the stolen assets are being converted mainly into ETH; because ETH has no issuer that can freeze tokens, stopping the funds depends on the services they pass through, and stablecoin issuers froze part of the haul within hours. THORChain says its protocol can pause a chain or the whole network for safety but cannot remove a single swap.