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N. Korean hackers stole $6.3B in crypto heist

30 Oct

Summary

North Korean hackers are blamed for a $6.3 billion crypto theft.
The massive amount was stolen from Binance cryptocurrency exchange.
A blockchain analysis firm attributes the attack to North Korea's elite hacking unit.

A colossal cryptocurrency theft amounting to $6.3 billion has been attributed to North Korean hackers. The sophisticated operation targeted the Binance exchange, with an attacker reportedly moving the vast sum out of its wallets across ten different blockchains. This massive outflow occurred in an astonishingly short period of about 20 minutes.

Blockchain analysis firm TRM Labs has identified and attributed this major heist to "TraderTraitor." This entity is described as North Korea's elite hacking unit. TRM Labs stated its attribution is based on robust on-chain and off-chain intelligence, indicating a high degree of confidence in their findings.

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