Binance has frozen approximately $3 billion in stolen funds, representing half of the $6.3 billion in crypto assets pilfered by North Korean hackers. The company stated that the cyberattack is considered the largest cryptocurrency theft in history, with its Co-CEO, Richard Teng, claiming the attackers used a "self-destruct mechanism" to destroy tracking traces. The U.S. Secret Service and the FBI are collaborating with Binance to recover the funds and have stated that all customer losses will be covered. Several analytics firms have linked this attack to North Korean hacking groups, noting similarities to the $1.5 billion theft from Bybit exchange in 2025.