US agencies probe record $6.3 billion Binance hack as Trump reviews breach
Federal investigators and the Secret Service have launched a probe into a $6.3 billion breach at Binance, as Circle froze more than $800 million in tied assets and President Donald Trump confirmed the White House is reviewing the incident.
The FBI and the U.S. Secret Service have engaged with Binance and law enforcement partners worldwide to investigate a $6.3 billion cyber theft from the cryptocurrency exchange. The FBI stated it is coordinating with public and private sector partners to assess the scope of the activity, evaluate potential impacts, and coordinate appropriate investigative steps as authorities trace the stolen funds.[4][6][7][10][12]
Following the breach, stablecoin issuer Circle froze $823 million in USDC connected to the incident, according to Decrypt and Crypto Briefing. Binance has set aside $6.34 billion to cover all user losses, pledging that customer funds remain safe while investigators attempt to recover the drained assets.[2][8][10][11]
President Donald Trump addressed the incident during a White House pool spray, stating that his administration is reviewing the theft. When asked about potential attribution, Trump said, "we don't know" if North Korea was responsible, while noting that Binance claims to have the situation "pretty much under control." Despite Trump's cautious assessment, blockchain intelligence firms Chainalysis and TRM Labs have linked the attack to North Korean hacking syndicate TraderTraitor with high confidence.[1][2][3][5][9]
Key facts
- The FBI and U.S. Secret Service are working with Binance and global law enforcement to investigate a reported $6.3 billion cyber theft.
- The FBI confirmed it is coordinating with public and private sector partners to assess the scope and potential impacts of the Binance breach.
- Circle froze $823 million in USDC connected to the Binance attack.
- Binance set aside $6.34 billion to cover all user losses and stated customer funds are safe.
- President Donald Trump said he is reviewing the Binance hack, noting officials "don't know" if North Korea was responsible.
- Chainalysis and TRM Labs attributed the attack to the North Korean hacking group TraderTraitor with high confidence.
Sources · 10 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: During a press conference, President Donald Trump said that he was looking into the Binance hack, adding that the exchange has said it's ensuring customers get their funds back. "But it's a hack," Trump said. "That's the problem. You know the old-fashioned way when you used to sign a check… these are different people, never see the money anymore. So I've always felt it was a little bit dangerous."
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨JUST IN: US President Trump says "we don't know" if North Korea was behind the $6.3 BILLION Binance security incident. "We're looking at that," the President said when asked about the attribution. Blockchain firms Chainalysis and TRM Labs have both linked the attack to North Korean hacking group TraderTraitor with "high confidence." The FBI and US Secret Service are now working with Binance on the investigation, per Reuters. CNN, NPR and SecurityWeek have all reported on the suspected North Korea link. Binance has set aside $6.34 BILLION to cover all losses, and says user funds are safe. North Korea has now stolen around $12.8 BILLION in crypto since 2017, including $7.4 BILLION this year alone, per TRM Labs.
Open source - DE
Decrypt@DecryptMediaPost on X ·
Trump on the $6.3B Binance Hack: "We're Looking at That." President Trump said Binance says "they have it pretty much under control," adding "We'll see," during a White House pool spray on Friday. https://t.co/dlt0R0iQk6
Open source - BL
Bloomberg@businessPost on X ·
US law enforcement joined the hunt for hackers who drained more than $6 billion from the Binance crypto exchange in the biggest cyber theft ever recorded. https://t.co/jpbhqriKso
Open source - TH
The Hill@thehillPost on X ·
Trump says US looking into Binance hack: ‘We don’t know’ if North Korea responsible https://t.co/WsiRZoDCvZ
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
FBI ON BINANCE HACK: IS ENGAGED WITH RELEVANT PUBLIC AND PRIVATE PARTNERS TO COORDINATE APPROPRIATE INVESTIGATIVE STEPS
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
FBI ON BINANCE HACK: AWARE OF INCIDENT; ENGAGED WITH RELEVANT PARTNERS TO UNDERSTAND SCOPE OF ACTIVITY AND EVALUATE POTENTIAL IMPACTS
Open source - DE
Decrypt@DecryptMediaPost on X ·
Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million https://t.co/lrVWGWtGWH
Open source - SO
SolanaFloor@SolanaFloorPost on X ·
NEW: President Trump says he is looking into whether North Korea was behind the @Binance hack. Source: Bloomberg https://t.co/qwAP5kpoJM
Open source - DE
DecryptArticle ·
Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million Binance says it has set aside $6.34 billion to cover losses from the breach and the FBI and Secret Service are now working with the exchange as investigators trace the stolen funds.
Open source - CB
Crypto BriefingArticle ·
Circle freezes more than $800 million in USDC after $6.3 billion Binance breach The breach highlights the vulnerability of crypto exchanges, prompting increased scrutiny and potential regulatory actions impacting market stability. The post Circle freezes more than $800 million in USDC after $6.3 billion Binance breach appeared first on Crypto Briefing .
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨FBI AND U.S. SECRET SERVICE WORKING WITH BINANCE AFTER $6.3B HACK! @binance is working with law enforcement around the world, including the FBI and the U.S. Secret Service, after the record $6.3B hack, according to a source familiar with the situation, @Reuters reports. The report adds that the FBI is engaged with relevant public and private partners to coordinate appropriate investigative steps.
Open source