Crypto exchange Binance freezes assets after $6.3bn 'complex' security breach
Cryptocurrency platform Binance said Friday it was working to resolve a “complex attack” that hit around $6.3 billion in funds, with about half that amount frozen to prevent a massive theft. The company — the world’s largest crypto exchange by daily trading volumes — said investigations had “uncovered additional points of breach”, contrary to initial findings that suggested the hack involved a…
Cryptocurrency exchange Binance froze approximately $6.3 billion in assets following a complex security breach, with about half of the funds frozen to prevent a massive theft. The firm, the world's largest crypto exchange by daily trading volumes, initially reported a single compromised laptop as the breach's entry point, but later discovered additional points of compromise.
Binance stated that user funds are safe and that they are cooperating with law enforcement to investigate the incident. The company informed that around $3 billion of affected assets had been frozen. Investigations revealed that the attack was orchestrated by North Korea-linked hacker group TraderTraitor, believed to be part of the Lazarus Group, known for hacking Sony Pictures in 2014.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Crypto exchange Binance freezes assets after $6.3bn 'complex' security breach dawn.com
- Crypto giant Binance hit by ‘largest hack in history’ cityam.com
- Binance estimates $6.3B impact from security breach, freezes $3B in crypto assets yourstory.com
- Crypto's longtime foe, North Korea's Lazarus Group, likely behind Binance hack: blockchain sleuths coindesk.com
