FBI Confirms: North Korea Behind Billion-Dollar Crypto Theft at Binance
The largest hack attack on a digital currency exchange to date was carried out by the North Korean hacker group "TraderTraitor". Binance announces that it will bear most of the damage itself.
The FBI has attributed a massive hack on cryptocurrency exchange Binance to the North Korean hacking group "TraderTraitor". The attack, worth over $6 billion, is considered the largest on a digital currency exchange to date. Binance has announced that it will cover most of the losses, with 90% of the stolen amount already being covered, and plans to resume withdrawals on Sunday.
The exchange had temporarily suspended all deposits and withdrawals following the hack. TRM Labs found that the attackers moved most of the stolen $6.36 billion within 20 minutes.
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.
