World’s Biggest Crypto Exchange Hit by Record $6.3 Billion Hack
Summary
Binance reported a security breach in which suspected hackers took about $6.3 billion, potentially making it the largest cryptocurrency heist on record. TRM Labs said with high confidence that North Korea’s TraderTraitor group carried out the attack; Binance said an engineer’s laptop may have been compromised and suspended withdrawals as cryptocurrency prices fell.Key Facts
- Binance reported that suspected hackers took about $6.3 billion.
- TRM Labs attributed the attack to North Korea’s TraderTraitor group with high confidence.
- Binance’s initial investigation indicated that a software engineer’s laptop may have been compromised.
- The article says five Binance hot wallets sent 233.46 million XRP to a hacker address in four minutes.
- TRM Labs said preparations began around October 28, with the main attack starting roughly 36 hours later.
- Binance suspended withdrawals after the breach.
- BNB fell more than 4.7 percent, while Bitcoin dropped about 4.5 percent before recovering, according to the article.
- Binance was also targeted in 2022, when a hacker created two million BNB tokens and took about $115 million.
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