FBI blames North Korea for $6.3 billion Binance heist
Original title: FBI Flags Over 600 Addresses Tied to North Korea’s Binance Heist
FBI flagged 608 Ethereum addresses tied to TraderTraitor for laundering stolen Binance funds after the October 29 crypto theft.
North Korean state-sponsored hackers allegedly emptied Binance hot wallets on multiple blockchains in under 20 minutes, causing an estimated $6.3 billion loss. The FBI, with USSS and IRS-CI, released address lists for laundering and urged crypto services to block transactions. Binance absorbed the losses using company funds after resuming withdrawals. Laundering patterns suggest automation across 11 blockchains.
Unconfirmed: Specific breach vectors and additional points of compromise not fully detailed by Binance
- Attack emptied multiple hot wallets within 20 minutes
- FBI flagged 608 ETH, 19 BTC and 1 SOL addresses
- Binance replaced most stolen funds from internal reserves
- Laundering automated and ongoing for months
- Previously linked to Bybit $1.5 billion heist
Impact: theft of cryptocurrency from exchange hot wallets
- Vendors
- Binance
- Threat actors
- TraderTraitor
- Victims
- Binance
- Countries
- North Korea
From the original article
3 min read at securityweek.com
The FBI has officially pinned the $6 billion Binance hack on North Korea’s TraderTraitor as the attackers launder the stolen crypto. The post FBI Flags Over 600 Addresses Tied to North Korea’s Binance Heist appeared first on SecurityWeek.
By Eduard Kovacs · securityweek.com
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