North Korea Denies US$6.3 Billion Binance Hack
Analysts blame North Korea for a US$6.3 billion theft from Binance, the largest crypto theft on record, while Kim Yo-jong calls the claim a provocation. The post North Korea Denies US$6.3 Billion Binance Hack appeared first on The Rio Times .
North Korea denies a $6.3 billion cryptocurrency theft from exchange Binance, according to TRM Labs, a blockchain intelligence firm. The organization attributes the theft to a hacking unit known as TraderTraitor, which is linked to North Korea. Analysts say the attack likely involved compromising Binance systems, including a compromised engineer's laptop, to gain access to privileged systems and facilitate large withdrawals.
TRM Labs estimates the attacker holds over $2.4 billion in additional coins, though the total remains unproven. The theft, if confirmed, would be the largest on record, surpassing all other North Korean thefts combined. Binance has frozen about $3 billion in assets to cover the loss, and is buying back stolen altcoins using its SAFU fund.
Authorities are monitoring the situation closely, as North Korean cyber activity is a sanctioned issue.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
