Binance’s $6.3B Heist Has Washington Asking North Korea a Very Big Question

President Donald Trump said the United States is investigating the $6.3 billion Binance hack, the largest crypto theft on record, while acknowledging that he has “always felt it was a little bit dangerous” to move money digitally. Speaking in the Oval Office on Friday, October 31, Trump said Binance’s claim that the situation was “pretty much under control” would be tested by events. “We’ll see.”

Blockchain analytics firms Chainalysis and TRM Labs linked the breach to North Korea’s Lazarus Group, also identified in the report as the TraderTraitor unit. The attack originated from a compromised DevOps engineer’s laptop and involved unauthorized withdrawals pushed through a service container across roughly 10 blockchain networks in about 20 minutes. Trump said, “We don’t know” whether North Korea was responsible.

Asked about the possibility of North Korean involvement at a Halloween party at his Mar-a-Lago estate in Florida on October 31, Trump said, “We’re learning about the incident. I’m not worried. We don’t know if it’s North Korea, but if it is, we’ll discuss it with North Korea.”

About $3 billion in stolen assets has been frozen, according to the report. Binance said its SAFU fund and reserves will cover losses, while the White House confirmed that it is looking into the cyberattack.