FBI pins $6.3B Binance crypto heist on North Korean hackers
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.
In an alert published Saturday, the agency attributed the October 29 attack to TraderTraitor, a North Korean hacking operation linked to Lazarus, which has made a lucrative career out of relieving crypto exchanges of their digital assets.
Pyongyang was already in the frame before the FBI weighed in. Blockchain intelligence firms TRM Labs and Elliptic had linked the theft to North Korea, with TRM reporting that most of the $6.36 billion haul disappeared in about 20 minutes. Elliptic, which puts the total closer to $6.43 billion, says it has verified that $2.85 billion of the stolen assets have been frozen or seized.
According to the FBI, the hackers have started swapping their loot for Ethereum, with investigators expecting them to move the funds through …
You're reading a preview. The full article is published by The Register on their website.
Read the full story on The Register
