FBI blames North Korean hackers for $6.3 billion Binance crypto heist
Original title: FBI pins $6.3B Binance crypto heist on North Korean hackers
The FBI has attributed the $6.3 billion Binance hack to North Korean Lazarus Group hackers, with $2.85 billion frozen.
The FBI has blamed North Korean hackers for the record-breaking $6.3 billion theft from cryptocurrency exchange Binance, pointing the finger at the notorious Lazarus Group as the exchange scrambles to replace stolen funds and reassure customers. The October 29 attack was carried out by TraderTraitor, a North Korean hacking operation linked to Lazarus. Binance has resumed customer withdrawals after a compromised DevOps engineer's laptop gave intruders access. The exchange has committed billions from its own reserves to cover the losses, with 95 percent of the stolen assets replenished. Customers recorded $3.64 billion in net outflows.
Unconfirmed: The FBI attribution of the attack to TraderTraitor
- $6.3 billion theft from Binance
- Attack started with compromised DevOps engineer's laptop
- Binance has replaced 95% of stolen assets
- $2.85 billion of haul frozen or seized
- Hackers launder via DeFi platforms
Impact: Theft of $6.3 billion in cryptocurrency
- 1.Block transactions involving the stolen funds wallet addresses
- 2.Monitor for password reset requests
- 3.Enable two-factor authentication
- Vendors
- Binance
- Threat actors
- Lazarus GroupTraderTraitor
- Countries
- North Korea
From the original article
3 min read at theregister.comExchange scrambles to replace stolen funds as customers withdraw billions and hackers get busy laundering their haul
By Carly Page · theregister.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.