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Morning edition · November 1, 2026

FBI Blames North Korea for $6B Binance Exploit

Federal authorities attribute the massive Binance exploit to North Korea, while the exchange begins restoring customer withdrawals.

  1. 1

    FBI Attributes $6B Binance Exploit to North Korea

    Federal investigators say North Korea's TraderTraitor group executed the $6 billion Binance theft, primarily funneling stolen digital assets into Ethereum [2]. Regulators are urging decentralized services to block addresses linked to the hackers [2].

  2. 2

    Binance Resumes Bitcoin Withdrawals After Exploit

    Binance began reopening $BTC withdrawals, stating it has replenished approximately 95% of impacted funds [1]. The exchange also transferred 7,499 BTC to its SAFU wallet, covering 90% of lost capital [4].

  3. 3

    Datavault AI Plunges 50% Over Withdrawal Freeze

    Datavault AI shares fell 49.55% after the firm disclosed it has been unable to withdraw Bitcoin from Biconomy since June [3]. The liquidity freeze forced Datavault to restate its financials, erasing $92.2 million in reported 2025 assets [3].

  4. 4

    Crypto Exploits Hit Record $9.2B in 2026

    Total cryptocurrency losses reached a record $9.2 billion in 2026, according to CertiK [6]. October saw $3.47 billion in net losses, though investigators froze or recovered $3.03 billion during the month [6].

  5. 5

    THORChain Pauses Swaps Across 12 Networks

    THORChain halted cross-chain swaps on 12 blockchains due to a reported refund error [8]. Outbound signing remains active to process outgoing payments, but new inbound execution is blocked [8].

Numbers

Bitcoin trades at $77,888, up 0.8% over the past 24 hours, while total market capitalization stands at $1.56 trillion.

Watch

Reopening of Binance withdrawals for the remaining 5% of impacted balances, held in less-liquid tokens. · Onchain asset velocity across published Ethereum addresses linked to the TraderTraitor group. · Re-enabling of inbound swaps across the 12 paused THORChain networks following bug resolution.

Full text

Federal authorities attribute the massive Binance exploit to North Korea, while the exchange begins restoring customer withdrawals.

  1. FBI Attributes $6B Binance Exploit to North Korea - Federal investigators say North Korea's TraderTraitor group executed the $6 billion Binance theft, primarily funneling stolen digital assets into Ethereum. Regulators are urging decentralized services to block addresses linked to the hackers.

  2. Binance Resumes Bitcoin Withdrawals After Exploit - Binance began reopening BTC withdrawals, stating it has replenished approximately 95 percent of impacted funds. The exchange also transferred 7,499 BTC to its SAFU wallet, covering 90 percent of lost capital.

  3. Datavault AI Plunges 50% Over Withdrawal Freeze - Datavault AI shares fell 49.55 percent after the firm disclosed it has been unable to withdraw Bitcoin from Biconomy since June. The liquidity freeze forced Datavault to restate its financials, erasing $92.2 million in reported 2025 assets.

  4. Crypto Exploits Hit Record $9.2B in 2026 - Total cryptocurrency losses reached a record $9.2 billion in 2026, according to CertiK. October saw $3.47 billion in net losses, though investigators froze or recovered $3.03 billion during the month.

  5. THORChain Pauses Swaps Across 12 Networks - THORChain halted cross-chain swaps on 12 blockchains due to a reported refund error. Outbound signing remains active to process outgoing payments, but new inbound execution is blocked.

Numbers: Bitcoin trades at $77,888, up 0.8 percent over the past 24 hours, while total market capitalization stands at $1.56 trillion.

Watch:

  • Reopening of Binance withdrawals for the remaining 5 percent of impacted balances, held in less-liquid tokens.
  • Onchain asset velocity across published Ethereum addresses linked to the TraderTraitor group.
  • Re-enabling of inbound swaps across the 12 paused THORChain networks following bug resolution.

Basis Desk Newsroom · AI-generated, source-verified. Built only from stories already verified and published on Basis Desk; market figures as of publication. Not financial advice.