North Korea linked to massive Binance crypto heist
The FBI says North Korea was behind the massive $6.3 billion crypto heist that hit Binance on October 29th. The FBI labeled the activity "TraderTraitor" and said that it had observed actors it has connected to hack converting the tokens to Ethereum and preparing for further laundering of the funds. The agency offered few other […]
The Federal Bureau of Investigation (FBI) has revealed that North Korea is responsible for a massive $6.3 billion cryptocurrency heist targeting Binance customers. The cyber theft occurred on October 29th, and the FBI labeled the malicious activity "TraderTraitor."
According to the FBI, the North Korean hackers converted the stolen tokens into Ethereum (ETH) and prepared them for further laundering. The agency did not provide additional details or evidence to support their claim.
The FBI, along with partners from the U.S. Secret Service (USSS) and IRS Criminal Investigation (IRS-CI), has observed the "TraderTraitor" actors converting the stolen assets primarily into Ethereum. They expect that these assets will be further laundered using decentralized finance (DeFi) and instant swap services as they prepare for additional laundering stages.
In response to the hack, Binance temporarily suspended customer withdrawals following the immediate aftermath of the cyber attack.
Written by urgent.news from The Verge'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.
