CryptoTechnology

North Korea linked to massive Binance crypto heist

Summary

The FBI attributes a massive cryptocurrency theft at Binance to North Korean state-sponsored actors. According to the agency, the hackers are converting the stolen digital assets into Ethereum to launder the funds. Authorities have not yet released 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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