North Korea Blamed For $6.3 Billion Binance Hack

Blockchain analysis firms Chainalysis and TRM Labs have linked the $6.3 billion Binance hack yesterday to TraderTraitor, a unit associated with North Korea. If confirmed at this scale, the theft would be the largest crypto hack on record. 

Chainalysis puts the total at $6.4 billion in its own assessment. Chainalysis says funds began leaving Binance hot wallets across multiple blockchains around 4:20 p.m. Eastern Time on October 29. 

The firm said the attacker used an operational wallet funded through Tornado Cash to submit signed authorizations that allowed a Binance hot wallet to run attacker-deployed code. 

The attacker then swept assets into addresses under its control….

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