US Probes North Korea’s Lazarus Group Over $6.3 Billion Binance Hack Largest in Crypto History
US President Donald Trump has confirmed that American authorities are investigating whether North Korea was behind the $6.3 billion hack of Binance; the largest cryptocurrency theft in industry history. Speaking from the Oval Office on October 30, 2026, Trump said, “We don’t know” if North Korea is responsible, adding: “We are looking into it.” Bloomberg
The hack, which targeted Binance; the world’s largest crypto exchange, resulted in the theft of billions in digital assets. In response, Binance temporarily suspended withdrawals and announced it would fully cover all losses. The exchange confirmed on its official X account that approximately $3 billion of the stolen funds had already been frozen on blockchain networks.
Investigators are looking into possible ties to North Korea’s Lazarus Group, a state-sponsored hacking collective that the FBI and global cybersecurity experts have linked to a string of major crypto heists in recent years. North Korea is widely believed to use cryptocurrency theft to fund its weapons programmes and circumvent international sanctions.
No official attribution has been made. Read our previous article on Finance and Geopolitics related news here.
