$6 Billion Binance Hack Bears Hallmarks of North Korea’s TraderTraitor
Blockchain analysts link the record crypto theft to North Korean hackers, as Binance probes a possibly compromised engineer laptop. The post $6 Billion Binance Hack Bears Hallmarks of North Korea’s TraderTraitor appeared first on SecurityWeek .
Binance reported that approximately $6.3 billion in assets were stolen during a major hack. Techmeme reports the theft involved roughly $6.36 billion drained from Binance wallets across 10 blockchains in about 20 minutes. Cointelegraph notes that around $3 billion in stolen funds have been frozen by industry partners.
TRM Labs has attributed the attack to the North Korea-based hacking group TraderTraitor with "high confidence," citing robust on and off-chain intelligence. Chainalysis CEO Jonathan Levin also stated the hack was likely carried out by TraderTraitor, placing the theft at $6.4 billion. Cointelegraph reports that Blockaid co-founder and CEO Ido Ben-Natan noted the attack resembled North Korean work due to sophisticated onchain preparations, including a customer sweeper contract and multiple authorizations.
Onchain investigator ZachXBT observed that stolen funds from the Binance attack and an earlier Bitget exploit were commingled in the same address via THORChain, suggesting the same actor is behind both incidents. SecurityWeek reports that Binance is probing a potentially compromised engineer laptop as blockchain analysts link the record theft to North Korean hackers.
Brief written by urgent.news from SecurityWeek, Cointelegraph, Techmeme — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
