Edition October 31, 2026

Chainalysis traces the North Korean link in the Binance theft

Chainalysis assesses the Binance theft at about $6.4 billion and attributes it to North Korea's TraderTraitor group.

The investigators observed stolen Binance assets mixing with funds from the earlier Bitget theft, reinforcing their attribution. At the report's publication, Chainalysis said approximately $2.8 billion had been frozen. Repeated transfers and recycling of funds through earlier addresses suggest automated laundering, according to the investigators. The investigation remains open, and Chainalysis expects the stolen assets to keep moving while tracing and disruption efforts continue.

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