Blockchain analysis firm TRM says North Korea behind Binance crypto theft


Binance logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration

SINGAPORE, Oct ⁠30 (Reuters) - North ⁠Korean hackers were behind ‌a $6.3 billion raid on cryptocurrency exchange Binance, according ​to US blockchain ⁠analysis firm ⁠TRM Labs.

"An attacker moved ⁠approximately $6.36 ‌billion out of Binance ⁠wallets on ten blockchains, ​most ‌of it in about ⁠20 ​minutes," TRM Labs said in a ⁠blog post on ​its website.

"TRM attributes the attack to TraderTraitor, North ⁠Korea's elite hacking unit, based on robust on and ​off-chain intelligence. ⁠We make this judgment ​with high ‌confidence."

(Reporting by ​Tom Westbrook; Editing by Christian Schmollinger)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read