North Korean Hackers Steal $6.3B from Binance in ‘Largest Bank Heist in Human History’
North Korean hackers stole $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in a lightning-fast theft that an insider has called “the largest bank heist in human history.”
Cybercriminals swiped the digital coins out of Binance wallets within a mere 20 minutes starting at 4:30 p.m. ET Thursday, exploiting the system by hacking into an engineer’s laptop, according to analytics firm TRM Labs and industry insiders.
Binance initially said the security incident may have involved a compromised laptop. In an update Friday, Richard Teng, co-CEO of Binance, said the company’s security team has “uncovered additional points of breach,” suggesting it was a complex attack carried out by more than one person.
The culprits targeted just a few accounts, including one crypto wallet holding nearly $800 million, Idan Ofrat, co-founder of Fireblocks, told The Post.
TraderTraitor, the North Korean hacking group suspected of the crime, is known for pulling off unparalleled lootings by using algorithms to spread the riches across global crypto networks faster than any human could – making them virtually impossible to recover. US officials have said cybercrime attacks fund roughly half of North Korea’s missile program. (Read more from “North Korean Hackers Steal $6.3B from Binance in ‘Largest Bank Heist in Human History’” HERE)
