EQUIPThe Verge · 2h ago
North Korea linked to massive Binance crypto heist
Executive Brief
The 30-second read
The FBI identifies North Korean state actors as the perpetrators of a $6.3 billion cryptocurrency theft from Binance. Authorities are currently monitoring the conversion of stolen tokens to Ethereum as laundering efforts continue.
- 01FBI confirms North Korean involvement in the massive October 29 Binance security breach
- 02Agency identifies the specific threat activity under the designation TraderTraitor
- 03Perpetrators are actively converting stolen assets to Ethereum to facilitate laundering
- 04Total confirmed losses from the crypto heist reach a record 6.3 billion dollars
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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 […]