‘Elite North Korean hackers’ blamed for $6.3bn Binance hack – business live

Blockchain intelligence firm TRM says North Korea’s TraderTraitor hacking unit is responsible for the largest crypto theft on record Richard Teng, the co-chief executive officer of Binance, has pledged that customers money is ‘safe’, despite the hack. Posting on X a few minutes ago, Teng confirms that it appears the break-in came via an employee’s laptop – but insists it was a ‘more complex’ attack than simply clicking on a rogue link. I want to speak to you directly about what happened. Bottom line - your money is safe, and we’re covering every loss. Stablecoin issuers Tether and Circle moved quickly to blacklist the suspected attacker’s addresses in order to freeze a portion of the funds and make them inaccessible. As centralized issuers, they each have the ability to blacklist addresses so their tokens cannot move, and more than $2 billion of those two tokens have been frozen so far by different stablecoin providers. ETH has no issuer, so every dollar converted before a freeze lands is out of their reach. Continue reading...