Researchers warned of North Korean hacking tactics years before record $6.3B Binance heist
Crypto giant Binance says North Korean hackers used fake social media profiles and the lure of a potential job offer as part of a months-long scheme aimed at tricking an employee into downloading malicious software onto their laptop.
Researchers have repeatedly warned about long-running social engineering attacks that can go on for months.
This latest attack allowed the hackers to patiently worm their way into Binance’s systems to steal a record $6.3 billion in crypto last week, the company has now confirmed. The hack, disclosed in an updated statement posted on X on Tuesday, prompted the world’s largest crypto exchange to suspend customer withdrawals across its network.
The FBI and blockchain investigators have blamed North Korea for the heist. The country has been long accused of carrying out massive cryptocurrency thefts in recent years to fund its internationally sanctioned nuclear weapons program.
In its latest statement, Binance said that North...
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