FBI Attributed the Binance Attack to North Korean TraderTraitor Group
The US Federal Bureau of Investigation (FBI) has named North Korea as the originator of a cyberattack on the cryptocurrency exchange Binance. The state-backed hacking group TraderTraitor is said to be behind the operation, which, according to American investigators, stole virtual assets worth approximately 6.3 billion dollars. n-tv ↗
The attack ranks among the largest cryptocurrency thefts in history. The hackers reportedly infiltrated the exchange's systems and then began moving the stolen funds. The FBI is also tracking their money-laundering steps and attempts to conceal the origin of the digital assets. Die Zeit ↗
After the attack, Binance temporarily restricted cryptocurrency withdrawals to prevent further losses. On Sunday, it began restoring bitcoin withdrawals and other operations on its platform. The company stated that it can cover most of the resulting damage from its own funds. Trend ↗
Reports on the extent of the compensation vary slightly. According to one statement, Binance has secured compensation for 90 percent of the losses, while other information speaks of funds covering 95 percent of the stolen amount. Nevertheless, the exchange continues to restore services and review its security measures. The Guardian ↗
The case could increase pressure on cryptocurrency platforms to strengthen the protection of user accounts and systems. Investigators continue to focus on the movement of the stolen cryptocurrencies and on individuals who might be helping to launder them. RTE News ↗
The attack ranks among the largest cryptocurrency thefts in history. The hackers reportedly infiltrated the exchange's systems and then began moving the stolen funds. The FBI is also tracking their money-laundering steps and attempts to conceal the origin of the digital assets. Die Zeit ↗
After the attack, Binance temporarily restricted cryptocurrency withdrawals to prevent further losses. On Sunday, it began restoring bitcoin withdrawals and other operations on its platform. The company stated that it can cover most of the resulting damage from its own funds. Trend ↗
Reports on the extent of the compensation vary slightly. According to one statement, Binance has secured compensation for 90 percent of the losses, while other information speaks of funds covering 95 percent of the stolen amount. Nevertheless, the exchange continues to restore services and review its security measures. The Guardian ↗
The case could increase pressure on cryptocurrency platforms to strengthen the protection of user accounts and systems. Investigators continue to focus on the movement of the stolen cryptocurrencies and on individuals who might be helping to launder them. RTE News ↗
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (12)
Spur der Kryptomilliarden: FBI sieht Nordkoreas Binance-Angriff als erwiesen an
n-tv
| 09:29 01.11.
Binance says 90% of losses from $6.3bn hack covered as FBI says North Korea behind attack
The Guardian
| 03:41 01.11.
FBI says North Korea behind $6bn crypto theft
RTE News
| 02:58 01.11.
FBI says North Korea behind $6bn crypto theft
RTE News
| 02:58 01.11.
Angriff auf Kryptowährungsbörse: FBI beobachtet nordkoreanische Hacker bei Geldwäsche nach Binance-Hack
Die Zeit
| 01:59 01.11.
FBI macht Nordkorea für Milliarden-Hack verantwortlich
Welt
| 01:15 01.11.
FBI sieht Nordkorea hinter Angriff auf Kryptobörse
ORF
| 23:30 31.10.
'Fbi, Corea del Nord responsabile dell'attacco hacker a Binance'
ANSA
| 23:12 31.10.
Binance reactiva la retirada de criptomonedas mientras el FBI acusa a Corea del Norte del robo de 6.300 millones de dólares
El Mundo
| 08:35 01.11.
Binance po kybernetickom útoku obnovila výbery bitcoinov
Trend
| 08:11 01.11.
Piratage de la plateforme de cryptomonnaies Binance : le FBI accuse la Corée du Nord du « casse du siècle »
Le Monde
| 03:30 01.11.
Après son piratage record, Binance prévoit de réautoriser les retraits dimanche
Le Figaro
| 22:28 31.10.
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