President Donald Trump addressed Binance’s reported crypto theft during an October 30, 2026, press exchange in the White House Oval Office and said he had long been wary of digital-money risks. The exchange included an incomplete question about possible North Korean involvement, but the available material did not include Trump’s answer. The Block separately reported that Trump said his administration was looking into the incident, although no White House statement, transcript or agency release corroborated a formal review. Binance said it recovered about 80% of the stolen assets, purchased the remaining 20% on the market and planned to release proof-of-reserves results on Nov. 2. Co-CEO Richard Teng said multiple people were involved and that attackers used self-destruct mechanisms that complicated tracing; investigators had initially developed a suspicion, but the available report did not identify the suspected lead. Binance also said it identified another attack vector but found no evidence that wallet private keys were compromised, maintaining that customer assets were unaffected. The incident involved unauthorized EIP-7702 authorizations from Binance-linked hot wallets, with analysis pointing to a compromised transaction-signing or authorization workflow rather than a confirmed flaw in EIP-7702. Estimates ranged from approximately $5.8 billion to $6.36 billion in affected or transferred assets across ten blockchains and did not establish Binance’s final net loss. TRM Labs assessed that the activity bore the hallmarks of North Korea-linked TraderTraitor, but no U.S. government agency had confirmed that attribution. Binance suspended deposits and withdrawals, revoked affected authorizations, coordinated with Circle, Tether and other participants to freeze related assets, and committed to covering incident-related losses. Aave and Arbitrum also took protective measures.