Blockchain Firms Link North Korea to $6.3 Billion Binance Hack

Chainalysis and TRM Labs have linked yesterday’s $6.3 billion Binance hack to North Korea’s TraderTraitor group. Blockchain analysis firms Chainalysis and TRM Labs have linked the $6.3 billion Binance hack yesterday to TraderTraitor, a unit associated with North Korea. If confirmed at this scale, the theft would be the largest crypto hack on record. Chainalysis puts the total at $6.4 billion in its own assessment. Chainalysis says funds began leaving Binance hot wallets across multiple blockchains around 4:20 p.m. Eastern Time on October 29.

Also reported by The Defiant, Coindoo.

Source: Bitcoin Magazine