FBI Flags Over 600 Addresses Tied to North Korea’s Binance Heist
The FBI has formally blamed North Korean state-sponsored hackers for the record-breaking Binance cryptocurrency heist and is asking the crypto industry to help stop the stolen funds from being laundered.
The attack was conducted on October 29. Hackers emptied Binance hot wallets on multiple blockchains, moving most of the funds out within roughly 20 minutes. Binance estimates the impact at roughly $6.3 billion, the largest crypto theft on record.
Within hours, blockchain intelligence firms TRM Labs and Chainalysis linked the attack to the North Korean group TraderTraitor. Binance initially said the intrusion may have started with a DevOps engineer’s compromised laptop, and pledged to cover all losses.
The FBI released its attribution on October 31, two days after the theft.
“The FBI, together with partners at the USSS and IRS-CI, has observed TraderTraitor actors converting stolen assets primarily into Ethereum (ETH). It is expected these assets will then be further...
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