US agency seeks private-sector help to block further money-laundering of stolen digital assets.
The FBI said that the Democratic People’s Republic of Korea (North Korea) was responsible for the theft of about $6.3 billion in digital assets from cryptocurrency exchange Binance on Thursday.
The FBI said on Saturday in a news release that it refers to this specific North Korean malicious cyber activity as “TraderTraitor,” which it has most recently observed converting stolen assets mostly into Ether (ETH).&
It expects these assets to be further converted, using DeFi and instant swap services, as the hackers move to more advanced laundering stages.
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