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Binance hackers used fake job interviews in record heist

The crypto exchange has said that it will bear the financial cost but the exchange paused withdrawals for almost two days after the incident.

Binance hackers used fake job interviews in record heist

Binance has disclosed the sophisticated methods used by hackers in the $6.3 billion heist, revealing the attackers employed social engineering tactics such as fake job interviews. The incident, attributed to North Korea, is described as a "sophisticated, multi-stage campaign."

One of Binance's engineers received a job offer from an individual posing as a project director. The engineer met with the alleged CEO over a social messaging app and was asked to download a file containing malicious code. This action enabled the hackers to initiate unauthorized activities.

According to Richard Teng, co-CEO of Binance, the attack was not a single error but a carefully planned operation that had been developing for months. The hackers combined various techniques, including using fake recruitment interviews, malicious software disguised as legitimate developer tools, compromised devices, and artificial intelligence methods.

Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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