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The FBI says North Korea was behind the $6.3bn hack of crypto exchange Binance, which says 90% of the losses are now covered

The FBI said on Saturday that a North Korea-linked group it calls TraderTraitor was behind the theft of about $6.3bn in crypto from Binance, the biggest crypto heist on record. Binance says it has replaced about 90% of the stolen funds and is resuming withdrawals in phases. President Trump told reporters 'We don't know if it's North Korea.'

L 47% · C 22% · R 31% · 32 outlets

Left 1 · Centre-left 14 · Centre 7 · Centre-right 6 · Right 4

ContextSources by leanVideoDeep diveFollow the moneyMore coverage

How each side framed it

Left-leaning outlets

Attribution and scale: 'FBI says North Korea was behind the $6.3 billion Binance crypto hack' (NBC News); 'Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack' (The Guardian).

Centre outlets

Centre-rated outlets headline it: “Why North Korea's 'elite' hackers are the prime suspect in major Binance hack” (BBC News); “FBI blames North Korean group for $6.3bn Binance cyber heist” (Financial Times).

Right-leaning outlets

The record theft: 'North Korea blamed for largest heist in history as hackers steal $6bn from Binance' (The Telegraph); 'FBI: North Korea Behind $6 Billion-Plus Binance Crypto Heist' (Newsmax).

Context

The wider geopolitical and historical background, in our words, each point linked to the source it comes from. Background, not a verdict on today's story. How we write it.

Binance is the world's largest cryptocurrency exchange by trading volume.

  • The Lazarus Group is a hacking group the US and others link to North Korea's government. Lazarus Group
  • North Korea has been accused of using crypto theft to fund its weapons programmes. Cryptocurrency and crime
  • Binance and its founder pleaded guilty to US anti-money-laundering violations in 2023. Binance

Checked 2026-11-01. Links were opened and returned a page that day.

Search for more (live results, not checked by us): Wikipedia search · Explainers (Google News search) · Background and history (Google News search)

Sources by lean

Balanced: the same number of articles from the left, the centre and the right (up to 3 each). The bar above still counts every rated outlet we found. Bias and factual ratings come from Media Bias/Fact Check. How we balance · All ratings.

Left 3

Centre 3

Right 3

Showing 3 from each side of 32 rated outlets (L 15 / C 7 / R 10). More coverage

Video

News reports from outlets with a bias rating, balanced like the articles: the same number from the left, the centre and the right. A side with no matching video is named, never padded. Every video was checked to exist on YouTube on the day; titles are the publishers' own. Links open YouTube; nothing from YouTube loads on this page. How we pick.

Left 0

No left-rated outlet video found for this story. We don't fill the gap with an unrelated video.

Centre 0

No centre-rated outlet video found for this story. We don't fill the gap with an unrelated video.

Right 0

No right-rated outlet video found for this story. We don't fill the gap with an unrelated video.

No rated outlet video found yet.

YouTube searches (live results, not checked or balanced by us): News videos · Explainers · Podcasts

Deep dive

The two opposites side by side, seeking to understand rather than judge. These are possible readings of the coverage, built from the articles linked on this page; they are not claims about anyone's motives. How we write it.

Seen from the left

“FBI blames North Korea for record $6.3bn crypto heist from Binance” Al Jazeera

A possible reading: exchanges this large need stronger oversight to protect ordinary users.

May be protecting: ordinary users and accountability for state hackers.

Seen from the right

“FBI blames North Korea for stolen billions from Binance in biggest hack in history” Breitbart

A possible reading: this is a national security threat from a hostile state that needs a firm response.

May be protecting: national security and the reputation of US-friendly crypto markets.

What they agree on

The FBI said on Saturday that a North Korea-linked group it calls TraderTraitor was behind the theft of about $6.3bn from Binance; Binance says it has replaced about 90% of the stolen funds and is resuming withdrawals in phases. Both sides want the funds traced and users made whole.

Where they truly differ

President Trump told reporters 'We don't know if it's North Korea', after the FBI had named North Korea.

The paradox

The FBI and the President gave different answers on attribution on the same day.

Open questions

  • How will the stolen funds be traced?
  • Who pays for the 10% Binance has not yet covered?
  • Shared question: what safeguards should exchanges of this size be required to have?

Follow the money

Not yet researched. We haven't yet looked at who gains or loses financially from this story, or who funds the main voices on each side. When we do, we check company filings, the Electoral Commission donations register, lobbying registers, annual reports, InfluenceMap and OpenSecrets, and we apply the same checks to every side. How we follow the money.

Who owns or funds the outlets covering this story (31 outlets)
OutletLeanOwnership & funding (MBFC)
HuffPostLeftHuffPost is owned by BuzzFeed, Inc., a publicly traded digital media company based in New York. In November 2020, BuzzFeed acquired HuffPost from Verizon Media Group, with Verizon becoming a minority shareholder. In February 2021, BuzzFeed founder and CEO Jonah Peretti took charge of the combined properties. source
Al JazeeraCentre-leftAl Jazeera is owned and funded by the state of Qatar. The founder and Chairman of the Board is Sheikh Hamad bin Thamer Al Thani, a member of Qatar’s ruling family, the House of Thani. According to a Fortune article, i n 2016, state-funded broadcaster Al Jazeera laid off 500 workers due to Qatar’s financial troubles resulting from low global prices for oil and natural gas. source
Associated PressCentre-leftThe Associated Press (AP) is a nonprofit news cooperative with a profit of $1.6 million in 2016. It also sells content to other media organizations. According to an article titled “ AP reports loss on one-time accounting charges,” t he Associated Press lost $74 million in 2017, and it states the reason as “mostly due to one-time accounting charges related to the federal tax overhaul passed late last year.” source
BloombergCentre-leftMichael R. Bloomberg is the founder and majority owner of Bloomberg LP (The parent company of Bloomberg News). According to Investopedia, Bloomberg Terminal (remote software used to access financial information) is the most expensive among financial data providers. source
CNBCCentre-leftCNBC is owned by NBC Universal, which Comcast owns. Comcast’s Chairman and Chief Executive Officer (CEO) is Brian L. Roberts, founded by his father, Ralph J. source
Deutsche WelleCentre-leftThe German government funds Deutsche Welle (DW). They state, “DW is financed via funding from the state – i.e., from tax revenue. This is in contrast to the domestic public channels, which are funded via broadcasting fees.” source
EuronewsCentre-leftEuronews is owned by Alpac Capital, a Portugal-based investment fund that acquired an 88% stake in July 2022, with the remaining 12% held by government-supported broadcasters from Europe, Africa, and the Middle East. Ownership also has business ties with Hungary’s Viktor Orban. source
NBC NewsCentre-leftNo ownership data found
NPRCentre-leftAccording to a Columbia Journalism Review article dated 2010, a large portion of NPR’s revenue comes from dues and fees paid by Member stations and corporate sponsorships. In another article by Columbia Journalism Review, they state that as of 2017, NPR receives less than 1 percent of its total funding from the Corporation for Public Broadcasting(CPB). source
New York TimesCentre-leftThe Ochs-Sulzberger family controls the New York Times through Class B shares. Since 1967, the company has been listed on the New York Stock Exchange under the symbol NYT. Class B shares are those that are held privately. source
The GuardianCentre-leftThe Guardian and its companion publication, the Sunday newspaper The Observer, are owned by Guardian Media Group plc (GMG). Scott Trust Limited was created in 1936 to ensure the editorial independence of the publications and owns Guardian Media Group plc (GMG). source
The IndependentCentre-leftThe Independent is owned by Independent Print Limited, a company owned by the Lebedev family (Alexander Lebedev and his son Evgeny Lebedev). In 2017, Saudi Businessman Sultan Muhammad Abuljadayel bought a 30% stake in the Independent online newspaper. Advertising and subscription generate revenue for the paper..push({}); source
Washington PostCentre-leftIn 2013, Amazon CEO Jeff Bezos bought The Washington Post for $250 million. Bezos is a frequent target of Trump, who has accused the businessman of using the Postal System as its “ Delivery Boy. ” The newspaper’s executive editor, Martin Baron, said Jeff Bezos, who founded Amazon, is not involved in its news coverage. source
Ynet NewsCentre-leftYedioth Ahronoth owns Ynetnews. Advertising derives revenue. source
BBC NewsCentreThe BBC operates under a Royal Charter. Oversight is managed by the BBC Board, and regulatory authority rests with Ofcom. source
Financial TimesCentreThe Financial Times is owned by The Nikkei, a Japanese news and financial information company that publishes the leading financial paper, The Nikkei. The FT generates revenue through subscriptions, a hard paywall, and advertising..push({}); source
France 24CentreFrance 24 is owned by France Médias Monde, a state-owned French holding company that supervises and coordinates the activities of the major public media organizations broadcasting or publishing internationally from France. Besides government funding, they also generate revenue through advertising. source
News24CentreMedia24 owns and publishes News24.com. They publish several magazines, newspapers, and online publications in South Africa. Advertising and subscription fees generate revenue. source
ReutersCentreIn April 2008, the British company Reuters Group was acquired by Thomson Corporation and formed Thomson Reuters. source
Sky NewsCentreSky News is owned by Comcast as of November 2018 and is funded through advertising. Rupert Murdoch is no longer affiliated with Sky News UK; however, Newscorp still has a share of Sky News Australia, which reports with a right-leaning bias. source
The HillCentreIn 2021, The Hill was purchased by Nexstar, which owns around 200 TV stations and media outlets nationwide. The founder, chairman, president, and CEO of Nexstar is Perry A. Sook. source
CBS NewsCentre-rightCBS News is owned by Paramount Global, which was formerly controlled by National Amusements, Inc., the holding company of the Redstone family. In 2025, Paramount entered into a merger agreement with Skydance Media, effectively ending the Redstones’ majority control. CBS News generates revenue primarily through advertising and affiliate broadcasting fees..push({}); source
ITV NewsCentre-rightNo ownership data found
New York PostCentre-rightThe New York Post is owned by Rupert Murdoch’s News Corp, which owns many conservative/sensational media outlets worldwide. The paper is funded through advertising, subscriptions, and newsstand sales. source
NewsweekCentre-rightNewsweek is owned by Newsweek Publishing LLC, which is co-owned by Dev Pragad and Johnathan Davis. Newsweek is funded through a paid subscription and advertising model. source
The TimesCentre-rightThe Times and Sunday Times is owned by News UK (News Corp UK & Ireland Limited), which American News Corp owns. The owner and Executive Chairman of News Corp are Rupert Murdoch. Revenue is derived from advertising and subscription fees. source
Washington TimesCentre-rightOperations Holdings Inc is the Washington Times owner, owned by the Unification Church of South Korea, through their holding company HSA-UWC (Holy Spirit Association for the Unification of World Christianity). In 1954, Reverend Sun Myung Moon founded this religious movement in South Korea, known for its mass weddings, and its members are referred to as “Moonies.” source
BreitbartRightAfter the death of Andrew Breitbart in 2012, Larry Solov became CEO and president of Breitbart News. In 2017, according to Politico, Larry Solov revealed the owner of Breitbart as “himself, founder Andrew Breitbart’s widow, Susie Breitbart, and the Republican mega-donor family, the Mercers.” Further, Solov also stated that he wants “to disclose as little as possible about financial and ownership structure.” source
Daily MailRightThe Daily Mail is published by Associated Newspapers Limited, part of Daily Mail and General Trust (DMGT). DMGT is controlled by the Rothermere family and is 100% owned by Rothermere Continuation Limited. Jonathan Harmsworth, 4th Viscount Rothermere, serves as Chairman..push({}); DMGT became privately owned after delisting from the London Stock Exchange in 2022. source
NewsmaxRightNewsmax is owned by publicly traded Newsmax Inc., which began trading on the New York Stock Exchange under the ticker symbol NMAX on March 31, 2025. The company completed a $75 million public offering after previously raising approximately $225 million through a preferred-stock offering. source
The TelegraphRightTelegraph Media Group (TMG) owns The Telegraph, which is owned by Press Acquisitions Ltd., which in turn is owned by Sir David and Sir Frederick Barclay. In 2004, Twin Brothers Sir David and Sir Frederick Barclay acquired the Daily Telegraph and the Sunday Telegraph from the Canadian media company Hollinger Inc. for £665 million. For a complete list of Board members, see here. source