FBI links North Korea to one of the biggest cryptocurrency thefts in history, in an attack on Binance
Authorities ask platforms to block wallets linked to the theft of billions of dollars, while Binance says it has reserves of more than US$6 billion to cover the loss.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM FOX BUSINESS · 2 MIN
The FBI has named North Korea as responsible for what has been called one of the biggest cryptocurrency thefts in history, according to a report from Fox Business. Correspondent Madeleine Rivera reported that authorities are asking all cryptocurrency platforms to block wallets linked to the attack, so that criminals are unable to withdraw or hide the money.
According to the report, the FBI treats the episode as a case of treason and observes actors who convert the stolen assets, which must be laundered further. The theft reportedly occurred on October 29, and investors claim that a large part of the assets were converted mainly into Ethereum.
Binance reinforces reserves
Binance took action last week. The company temporarily suspended withdrawals while its security teams carried out checks and tried to reassure users that they would not be affected financially.
The company allocated more than US$6 billion in reserves to cover the breach, described in the report as massive. In a statement, Binance said it has begun recovering affected assets for US users and continues to work with authorities, blockchain issuers, blockchain intelligence companies and industry partners to track, freeze and recover additional funds.
Another $3 billion in stolen assets was also frozen and remains subject to an ongoing recovery process, according to the report.
White House position
President Donald Trump has said he is not sure North Korea was involved. According to the transcript, he said he was not worried, said that the government is aware of the case and that, if North Korean participation is confirmed, the matter will be dealt with directly with Pyongyang.
For investors, the episode shows that platform security continues to be a central point of risk in the cryptoactive market. The report does not provide data on the impact of the case on bitcoin or Ethereum prices, nor on stock exchanges, interest rates or the dollar, and the outcome will depend on the progress of the investigation and the ability to recover frozen resources.
Automatically translated from Portuguese.
