{"id":"1793513124224-money-show_open","slug":"fbi-traces-binance-hack-to-north-korea","title":"FBI Traces Binance Hack to North Korea","summary":"The FBI and Secret Service confirmed they are helping trace, freeze, and recover funds from Binance's $6.3 billion hack, and Binance's CZ says the IRS also provided assistance. The FBI attributed the theft to North Korea. [bbc.com](https://bbc.com/news/live/cqrmynd3042gt) [techflowpost.com](https://www.techflowpost.com/en-US/newsletter/142302)","publishedAt":"2026-11-01T06:05:24.224Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Crypto After Dark","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: The FBI and Secret Service confirmed they are helping trace, freeze, and recover funds from Binance's $6.3 billion hack, and Binance's CZ says the IRS also provided assistance. The FBI attributed the theft to North Korea. [bbc.com](https://bbc.com/news/live/cqrmynd3042gt) [techflowpost.com](https://www.techflowpost.com/en-US/newsletter/142302)\nSource: BBC News; TechFlow NAMES: CZ = Changpeng Zhao, Binance co-founder (https://x.com/cz_binance/status/2116768459451469945)","claims":[{"verdict":"TRUE","summary":"The FBI and Secret Service confirmed they are helping trace, freeze, and recover funds from Binance's $6.3 billion hack, and Binance's CZ says the IRS also provided assistance. The FBI attributed the theft to North Korea. [bbc.com](https://bbc.com/news/live/cqrmynd3042gt) [techflowpost.com](https://www.techflowpost.com/en-US/newsletter/142302)","sourceName":"BBC News; TechFlow NAMES: CZ = Changpeng Zhao, Binance co-founder","sourceUrl":"https://x.com/cz_binance/status/2116768459451469945","claim":"US Law Enforcement agencies (FBI, USSS, IRS and more) provided vital help in this incident, including tracking, freezing, etc. A tweet can’t fully express our gratitude. Many crypto bros may not realize, a lot of the \"why bitcoin didn't drop more?\" credit goes to them. 🙏 https:/","author":"CZ 🔶 BNB (@cz_binance)"}]},"sources":[{"url":"https://x.com/cz_binance/status/2116768459451469945","name":"BBC News; TechFlow NAMES: CZ = Changpeng Zhao, Binance co-founder","kind":"x","verdict":"TRUE","author":"CZ 🔶 BNB (@cz_binance)"}],"url":"https://oncast.fm/story/1793513124224-money-show_open-fbi-traces-binance-hack-to-north-korea","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1793513124224-money-show_open-fbi-traces-binance-hack-to-north-korea","cite":"Cite https://oncast.fm/story/1793513124224-money-show_open-fbi-traces-binance-hack-to-north-korea and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"Crypto After Dark, and the FBI just named North Korea in that six-billion-dollar Binance hack."},{"host":"Adam","text":"Now CZ is thanking U.S. law enforcement by name: FBI, Secret Service, IRS."},{"host":"Bill","text":"CZ posted, quote, \"A tweet can't fully express our gratitude,\" and said much of why bitcoin didn't drop more goes to U.S. law enforcement."},{"host":"Bill","text":"That's the part I'd argue with. The feds helped track and freeze, but bitcoin not falling is mostly Binance having the balance sheet to cover it."},{"host":"Adam","text":"No, official attribution matters more. If this looked like an inside job, the market would be in freefall."},{"host":"Bill","text":"Binance already paused withdrawals and then said they're coming back in phases. That's the reassurance, not the FBI statement."},{"host":"Adam","text":"Both can be true: U.S. agencies tracked it, and Binance could absorb the hit."},{"host":"Bill","text":"Fine, I'll give them the tracking. I still think balance sheet is the story."},{"host":"Adam","text":"Different corner of startup finance: a post on X from Red Carpet HQ is circulating that Angel Studios is the exception that proves the rule for crowdfunded exits."},{"host":"Bill","text":"What's the claim exactly?"},{"host":"Adam","text":"That investors only got liquidity after a Chapter 11, a rebrand, and a SPAC merger onto the New York Stock Exchange."},{"host":"Bill","text":"And that it's supposedly one of 21 IPOs out of more than six thousand issuers."},{"host":"Adam","text":"The number has no official source, but even if it's half right, exits in that market are rare."},{"host":"Bill","text":"That's not a fun fact, that's a warning for retail money."},{"host":"Adam","text":"Or just the reality of early-stage investing, where the post leaves out the other side."},{"host":"Bill","text":"But the post frames it like a win. One win out of six thousand is not a win."},{"host":"Adam","text":"Fair. The exception proves the rule, and the rule is mostly no exit."}]}