The Federal Bureau of Investigation (FBI) is issuing information indicating that the Democratic People's Republic of Korea (DPRK) is responsible for the theft of over $6 billion in virtual assets from the cryptocurrency exchange Binance around October 29, 2026. The FBI has designated this particular malicious North Korean cyber activity as "TraderTraitor." The FBI, in partnership with the U.S. Secret Service and the IRS Criminal Investigation Division (IRS-CI), observed that the TraderTraitor perpetrators primarily converted the stolen assets into Ethereum (ETH). These assets are expected to undergo further laundering using DeFi and instant exchange services in preparation for subsequent laundering phases.