Urgent.News

What's breaking now, across thousands of outlets.

Tech

Hackers launch biggest attack so far on crypto exchange Binance: More than $6 billion are affected

About half of the stolen funds was frozen by the world's largest exchange for digital currencies. The traces of the hacker attack lead to North Korea.

Translated from German Read in German

Hackers launch biggest attack so far on crypto exchange Binance: More than $6 billion are affected

Binance, the world's largest cryptocurrency exchange, was hacked, resulting in an estimated loss of $6.3 billion. The exchange was able to freeze around half of the stolen funds. According to Binance's initial investigation, the hack may have involved a compromised laptop of a DevOps engineer, allowing an attacker to access a service container and make unauthorized withdrawals.

The hack is believed to be linked to a North Korean elite hacker group, and several other cryptocurrency firms, including Circle Internet Group, Tether, and Ripple, have also been affected.

Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at nzz.ch →

More in Tech

More from Friday 30 October →