Why North Korea's 'elite' hackers are the prime suspect in major Binance hack
Summary
Blockchain analytics firms TRM Labs and Chainalysis say North Korea’s Lazarus Group, also known as TraderTraitor, is the likely culprit in a reported $6.3 billion Binance hack. Binance says its investigation found additional points of breach and that it has secured about 80% of the stolen assets; the rest remains unaccounted for.Key Facts
- TRM Labs identified Lazarus Group as the likely attacker with high confidence, and Chainalysis also linked the group to the incident.
- The attack reportedly involved a Binance hot wallet, which is connected to the internet.
- TRM Labs said the attacker likely accessed Binance’s hot-wallet signing system.
- Binance initially said an engineer’s laptop may have been compromised, then reported finding additional points of breach.
- A Binance spokesperson said the company had secured about 80% of the stolen assets.
- The FBI previously blamed North Korea for the theft of $1.5 billion from the Bybit exchange.
- The FBI has accused North Korea of cybercrime and virtual-asset theft; Pyongyang has denied accusations that its government relies on cybercrime.
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