Wednesday, November 11, 2026
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Historic theft of billions of dollars from Binance, who are these 'trader traitors'?

Hamza FarooqFinancial & Markets Correspondent • Islamabad / Lahore Bureau
Historic theft of billions of dollars from Binance, who are these 'trader traitors'?

📌 Key Highlights & Quick Takeaways:

  • US authorities have claimed that the North Korean hacking group 'Trader Traitor' is involved in stealing more than $6 billion in assets from.
  • The FBI said in a statement that this week's attack was linked to the "malicious cyber activities" of a group called 'TraderTraitor', the sa.
  • The US investigative agency has requested crypto exchanges, blockchain analytics companies and other entities to immediately stop transactio.

The FBI said in a statement that this week's attack was linked to the "malicious cyber activities" of a group called 'TraderTraitor', the same operatives behind the $1.5 billion Bybit hack last year.

The US investigative agency has requested crypto exchanges, blockchain analytics companies and other entities to immediately stop transactions linked to various designated addresses to ensure that the amount cannot be disguised through money laundering.

According to the statement, the FBI's investigation revealed that the 'Trader Traitor' was converting the stolen assets primarily into a cryptocurrency called 'Ethereum'.

The FBI expects the group to now try to move these assets through DeFi and 'instant swap services'.

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Hamza Farooq

News Desk

Verified editorial report by The Urdu Post newsroom, compliant with journalistic ethics and verification standards.