Hackers linked to North Korea steal $6.3 billion from Binance in record crypto heist
Summary
Binance, the world's largest cryptocurrency exchange, said it was compromised in an apparent hack that impacted about $6.3 billion, which reports describe as the largest crypto theft on record. Blockchain intelligence firms including TRM Labs and Chainalysis say North Korean hackers were behind it. TRM names the TraderTraitor hacking unit, and TechCrunch reports suspicion that a Binance employee's laptop was compromised. WIRED reports the raid may have taken about 20 minutes and that billions of dollars in crypto are likely gone for good. Binance suspended withdrawals while it revamps its withdrawal service, revoked the affected address authorizations, and engaged law enforcement and blockchain intelligence partners to trace and recover funds. The exchange says users are safe and that it will cover all losses, and The Guardian reports the FBI is working with Binance. Reports differ on how much has been frozen: France 24 says issuers froze roughly half of the stolen assets, Digital Trends says about $2.7 billion was frozen across 10 blockchains, and a second France 24 report says roughly $3 billion had been frozen by Thursday night in the US. The Guardian also reports that most major cryptocurrencies fell in value after the theft became known.
Timeline
CNA
Source ↗CNA reports that the $6.3 billion theft from Binance was carried out by hackers from North Korea, according to US blockchain analysis firms TRM Labs and Chainalysis.
The Times of Israel
Source ↗The Times of Israel reports that Binance confirmed a $6.3 billion hack, that blockchain researchers say it was likely orchestrated by a Pyongyang-affiliated hacker group, and that the exchange says users are safe and it will cover all losses.
CBC News
Source ↗CBC News reports that a U.S.-based blockchain intelligence firm says a North Korean unit was likely behind the hack that impacted more than $6 billion on Binance.
WIRED
Source ↗WIRED reports that multiple crypto-tracing firms say North Korean hackers known as TraderTraitor may be behind the largest digital heist in history, which may have taken about 20 minutes, with billions of crypto likely gone for good.
The New York Times
Source ↗The New York Times reports that Binance suspended withdrawals after it was compromised in what could be the biggest crypto heist ever, and that one research lab attributed the theft to North Korea's elite hacking unit.
TechRadar
Source ↗TechRadar reports that Binance was hit by what it calls the largest crypto theft on record, with North Korean hackers stealing $6.3 billion in just 20 minutes, and that Binance says user funds are safe.
NPR
Source ↗NPR reports that Binance said on Thursday that approximately $6.3 billion was impacted in an apparent hack, and that blockchain intelligence firms link North Korea to it.
Ars Technica
Source ↗Ars Technica reports that hackers stole $6.3 billion from Binance in a record crypto heist linked to North Korea, and that Binance is scrambling to freeze billions.
France 24
Source ↗France 24 reports that hackers stole $6.3 billion in cryptocurrency from Binance, prompting issuers to freeze roughly half of the stolen assets, and that US analysts suspect North Korean hackers.
TechCrunch
Source ↗TechCrunch reports that hackers working for North Korea are suspected of hacking a Binance employee's laptop, which allowed the theft of billions in crypto.
The Guardian
Source ↗The Guardian reports that the FBI is working with Binance, that blockchain intelligence firm TRM says North Korea's TraderTraitor unit is responsible, and that most major cryptocurrencies fell in value after the theft.
NDTV
Source ↗NDTV reports in an explainer that around $6.3 billion worth of cryptocurrencies were stolen in the Binance hack.
France 24
Source ↗France 24 reports that blockchain intelligence firms linked the record $6.3 billion cyber heist to North Korea, and that by Thursday night in the US a coordinated effort by major crypto platforms had frozen roughly $3 billion of the stolen assets.
The New York Times
Source ↗The New York Times reports that hackers made off with around $6 billion in digital currency in what could be the biggest crypto heist in history, and that Binance said it will cover the losses.
RTÉ
Source ↗RTÉ reports that hackers stole $6.3 billion from Binance, the world's biggest cryptocurrency exchange, in a record digital asset theft, and its timeline examines whether the losses are covered.
Digital Trends
Source ↗Digital Trends reports that North Korean hackers allegedly stole $6.36 billion in cryptocurrency from Binance across 10 blockchains, and that issuers and networks froze approximately $2.7 billion.
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