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Binance reports $6.3 billion crypto hack; blockchain analysts link it to North Korea

By ChordNews · First written (new coverage , updated )

Binance traces $6.3 billion hack to one engineer's compromised laptop
Image: hindustantimes.com
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Summary

Binance said the estimated impact of the hack was around $6.3 billion and that the incident might involve a compromised DevOps engineer's laptop. Binance later said the heist was a complex attack and not just one compromised laptop, and that it was coordinating with law enforcement to resolve the issue. Blockchain analysis firm TRM said North Korean hackers were behind the $6.3 billion theft. A separate U.S.-based blockchain intelligence firm told CBS News that a North Korean unit was likely behind the hack, which affected more than $6 billion on Binance, the world's biggest cryptocurrency exchange. The Financial Times reported that analysis suggests the hackers bypassed standard methods used in crypto thefts.

Later: Experts rank North Korean hackers linked to crypto thefts among the world's best · Analysis blames weaknesses in the ecosystem around blockchains, not the blockchains themselves, for the $6.3bn Binance hack · Observers warn North Korea's crypto theft, including the $6 billion Binance hack, is funding its weapons programmes · North Korea denies role in record $6.3bn Binance crypto hack as researchers trace stolen funds · North Korean hackers expected to take months to launder billions stolen from Binance · North Korea is believed to be behind a $6.3bn hack of crypto exchange Binance · Binance hack exploited familiar security weaknesses that all organisations should learn from

Timeline

  1. Hindustan Times

    Source ↗

    Hindustan Times reports that Binance said the estimated impact of the hack was around $6.3 billion and that the incident might involve a compromised DevOps engineer's laptop.

  2. Hindustan Times

    Source ↗

    Hindustan Times reports that blockchain analysis firm TRM said North Korean hackers were behind the $6.3 billion Binance crypto theft.

  3. Hindustan Times

    Source ↗

    Hindustan Times reports that Binance said the $6.3 billion crypto heist was a complex attack and not just one compromised laptop, and that it was coordinating with law enforcement.

  4. BleepingComputer

    Source ↗

    BleepingComputer reports that Binance, the world's largest crypto exchange, linked the theft of about $6.3 billion in cryptocurrency to a DevOps engineer's compromised laptop.

  5. Financial Times

    Source ↗

    The Financial Times reports that analysis suggests the hackers bypassed standard methods used in crypto thefts.

  6. CBS News

    Source ↗

    CBS News reports that a U.S.-based blockchain intelligence firm says a North Korean unit was likely behind the hack that affected more than $6 billion on Binance.

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