Technology

Binance says hackers who stole billions in crypto spent months planning heist

Summary

Cryptocurrency exchange Binance reports that the perpetrators of a multi-billion dollar digital asset theft spent several months preparing the operation. According to the company, the attackers employed sophisticated tactics including social engineering techniques and newly developed malware to carry out the massive heist.

The hackers who stole billions of dollars in cryptocurrency from the Binance exchange spent months working on the theft and used both social engineering and novel malware in the process, the company said Tuesday. The heist, which both the FBI and the TRM Security firm attributed to North Korean actors, initially targeted $6.34 billion in cryptocurrency from Binance wallets. The…

Source: Read the full story at Ars Technica - All content

Follow Tech & Money Press for daily watchlists and market news

XFacebookInstagramTikTok
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.
About UsContactPrivacy PolicyDisclaimer
Not financial advice. Curated headlines link to their original publishers.