FBI says North Korea was behind the $6.3bn Binance hack
The Federal Bureau of Investigation attributes the $6.3bn theft from the cryptocurrency exchange Binance to North Korea and to the North Korea-affiliated group TraderTraitor.
AI illustrationThe Federal Bureau of Investigation (FBI) has attributed the $6.3bn hack of the cryptocurrency exchange Binance to North Korea, news organisations reported.
In the FBI's account, earlier suspicions were confirmed: a group affiliated with North Korea and known as TraderTraitor carried out the theft. The CISA has reportedly described TraderTraitor as a state-sponsored North Korean hacking group linked to thefts of cryptocurrency and to cyberattack tactics since at least 2020.
News organisations differed on the size of the loss: most put it at $6.3bn, while the figure was also reportedly given as $6 billion.
Binance has reportedly covered 90% of the losses. The exchange has reportedly started to let customers withdraw funds again, and investors are reported to have taken $3.6bn (£2.7bn) out of the platform while it recovers from the hack, in which billions were reportedly stolen from customer accounts. The theft reportedly happened on Thursday and has since been called the biggest heist in history. Experts had reportedly pointed to North Korea as the probable culprit.