Binance suspended all deposits and withdrawals following a $6.3 billion hack on October 29. Crypto tracing firms link the attack to North Korean hackers. Three firms say they have frozen around half of the stolen funds.
The majority of crypto was taken in a 20-minute window. Wallets across at least ten blockchains were drained by a single attacker. Preparation began 36 hours before the theft.
The tactics mimic an elite North Korean group known as Trader Traitor. The FBI previously named Trader Traitor responsible for a $1.5 billion Bybit hack last year. Binance says it will cover all losses and is working with law enforcement.
Analysts note the attackers are sophisticated artists targeting larger operations. The company points to a compromised laptop as a potential point of breach.
Source: Hacker News · Summarized by HeadlinesBriefing