CryptoTechnology

North Korea linked to massive Binance crypto heist

Summary

The FBI has attributed a major cryptocurrency theft targeting Binance to North Korea. According to the agency, the hackers are currently converting the stolen digital assets into Ethereum as part of a money laundering process. However, officials have not yet provided further details or evidence regarding the incident.

The FBI says North Korea was behind the massive $6.3 billion crypto heist that hit Binance on October 29th. The FBI labeled the activity "TraderTraitor" and said that it had observed actors it has connected to hack converting the tokens to Ethereum and preparing for further laundering of the funds. The agency offered few other details or evidence. The statement…

Source: Read the full story at The Verge

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