North Korea linked to massive Binance crypto heist
The FBI has attributed a $6.3 billion cryptocurrency heist from Binance to North Korean actors operating under the name 'TraderTraitor'. The stolen assets are reportedly being converted into Ethereum and laundered through decentralized finance services.
Why it matters
This incident highlights the ongoing security risks in the cryptocurrency sector and the use of digital assets by state-sponsored actors for illicit funding.
The FBI says North Korea was behind the massive $6.3 billion crypto heist that hit Binance on October 29th. The FBI labeled the activity “TraderTraitor” and said that it had observed actors it has connected to hack converting the tokens to Ethereum and preparing for further laundering of the funds. The agency offered few other details or evidence. The statement says:
> North Korea Responsible for $6 Billion+ Binance Attack
Headlinne story · 8 newsrooms
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