Binance Confirms Biggest-Ever $6.3B Hack, North Korea Blamed

18 hours ago 5

Rommie Analytics

Key Takeaways

  • Compromised engineer laptop enabled unauthorized withdrawals.
  • Binance estimates impact at about $6.3 billion.
  • Around $3 billion frozen with blockchain partners.
  • TRM, Chainalysis tie attack to North Korea.

CNN reported early Friday that hackers had stolen more than $6 billion from Binance, with several investigators pointing to North Korea and Chainalysis saying it had high confidence in that attribution.

The outflows were first spotted on Thursday evening, when about $2.8 billion was reported leaving Binance wallets, and Binance founder Changpeng Zhao later said it looked like a hack. Since then, the picture has changed substantially.

What Binance has now confirmed

In an update on Read Entire Article