FBI accuses North Korea of Binance hack
The FBI has backed the opinion of crypto experts, by officially accusing North Korean hackers of stealing more than $US6 billion from cryptocurrency exchange Binance.
The FBI has accused North Korean hackers of orchestrating the largest crypto heist in history, stealing $US6.3 billion worth of bitcoin and other digital currency from Binance, the world's largest cryptocurrency exchange. Binance claims to have sufficient funds to cover 90% of the stolen assets. The cybercrime unit, known as TraderTraitor, is believed to be responsible for the malicious activity.
The FBI stated that the North Korean state-sponsored group was behind the sophisticated cyber attack. In response, Binance reassured investors by using company funds to replenish 90% of the stolen assets. The FBI is actively working to block transactions, disrupt the money laundering process, and recover the stolen funds. Crypto experts predict that the hackers will attempt to further launder the assets through smaller exchanges and decentralised finance platforms.
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- The $6.3bn Binance hack explained — 5 things you need to know techradar.com
- Binance says it has covered 90% of losses from $6.3 billion hack channelnewsasia.com
- Binance says has covered 90% of US$6.3bil hack losses freemalaysiatoday.com
- Binance recovers 90 percent of stolen assets from hack thehill.com