The $6.3 billion Binance hack has been linked to North Korean hackers
Investigators linked Binance's $6.3 billion hack to North Korea's TraderTraitor group. The exchange says it will cover losses.
A $6.3 billion cryptocurrency hack has been linked to a North Korean hacking unit, according to blockchain analysis firms TRM Labs, Chainalysis, and Elliptic. The attack on Binance, the world's largest cryptocurrency exchange, saw hackers move funds out in just 20 minutes. North Korea has previously denied hacking allegations. Binance has promised a full report once the facts are verified.
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Also reported by 3 other outlets
- Recap: How Binance’s record $6.3B hack unfolded cointelegraph.com
- Binance says it has reserved $6.34B+ in company funds, including $5B already held in impacted token assets, to deal with the fallout from the $6.3B hack (Rajveer Singh Pardesi/Reuters) reuters.com
- Binance hack: Investigators in a 'cat and mouse game' to recover $6.3 billion in stolen funds cnbc.com
