‘Elite North Korean hackers’ blamed for $6.3bn Binance hack – business live
Blockchain intelligence firm TRM says North Korea’s TraderTraitor hacking unit is responsible for the largest crypto theft on record Jim Reid , market strategist at Deutsche Bank , reports: Crypto assets have come under pressure after Binance, the world’s largest crypto exchange, suspended deposits and withdrawals following a suspected hacking incident. Bitcoin is down -0.40% this morning,…
North Korean hackers, specifically the trafficking unit TraderTraitor, are blamed for a massive $6.3 billion theft from Binance, the world's largest cryptocurrency exchange. The cyber attack occurred after a laptop belonging to one of the exchange's engineers was hacked. Binance stated that user funds are safe and that they are working urgently to resolve the issue.
The company has frozen around $3 billion of the stolen assets, with the remaining $3.3 billion still unaccounted for. Binance co-founder Yi He has assured that the company will cover all hacking losses. Stablecoin issuers Tether and Circle have blacklisted the suspected attacker's addresses to freeze a portion of the funds. Bitcoin and other crypto assets have fallen in value following the news, with Bitcoin down 0.40% and other major cryptocurrencies also experiencing a decline.
Written by urgent.news from Guardian Business'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.
- Compromised laptop could be to blame for record $6.3 billion cryptocurrency heist: Binance rushes to freeze stolen assets as experts blame North Korean group pcgamer.com
- Binance hack: Lazarus group suspected as $6.3b theft rattles traders gulfnews.com
- Binance freezes $3 billion in assets after suspected hack rte.ie
- Binance traces $6.3 billion hack to one engineer's compromised laptop hindustantimes.com
- EIP-7702 didn’t cause Binance hack, but may have amplified losses cointelegraph.com
- Binance hit by $6.3bn hack, freezes half of stolen funds english.ajel.sa
- Binance freezes more than $2.5 billion in assets amid suspected hack japantimes.co.jp
- Binance hack drained wallets backing customer assets, reserve data shows coindesk.com
