Kevin Whitelaw / Bloomberg : The FBI attributes the $6B+ Binance hack to North Korea's TraderTraitor hacking group, which the agency also previously blamed for the Bybit hack — The FBI said that North Korea was responsible for stealing more than $6 billion in cryptocurrencies in a brazen hacking attack on Binance.
The FBI attributes the $6B+ Binance hack to North Korea's TraderTraitor hacking group, which the agency also previously blamed for the Bybit hack (Kevin Whitelaw/Bloomberg)
In short
The Federal Bureau of Investigation identified North Korea's TraderTraitor hacking group as the perpetrator behind the major cyberattack on cryptocurrency exchange Binance. Federal officials confirmed that the cyber operatives managed to steal over $6 billion in cryptocurrencies throughout the course of the breach. This formal attribution establishes that the same state-sponsored entity was previously responsible for targeting the Bybit cryptocurrency exchange.
Key points
- North Korean state-sponsored cyber operations continue to successfully breach major digit…: North Korean state-sponsored cyber operations continue to successfully breach major digital asset trading platforms.
- The TraderTraitor hacking group has demonstrated the technical capability to steal billio…: The TraderTraitor hacking group has demonstrated the technical capability to steal billions of dollars in digital currencies.
- Multiple high-profile cryptocurrency exchange breaches have now been linked back to the s…: Multiple high-profile cryptocurrency exchange breaches have now been linked back to the same foreign hacking collective.