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FBI accuses N. Korea of $6bn Binance hack
The FBI has accused North Korea of stealing over $6 billion in digital assets from Binance, a major cryptocurrency exchange. The hack, which occurred on October 29, is believed to be the largest ever reported. Binance has announced that it will cover the losses using its own funds.
The FBI has confirmed that North Korea was responsible for the hack, which was carried out by a group called TraderTraitor. This group is also believed to be responsible for a $1.5 billion hack of the Bybit financial platform in February last year.
Binance has stated that it will use its own funds to cover 90% of the losses, which amount to over $6 billion. The company has also resumed withdrawals of funds by users, which had been suspended temporarily after the hack.
The hack has raised concerns about the security of cryptocurrency exchanges and the potential for North Korea to use illicit means to obtain revenue. The incident has also led to a decline in the prices of major cryptocurrencies, including Bitcoin, Ethereum, and BNB.
The FBI has warned private sector entities to block transactions with or derived from the addresses used by TraderTraitor to launder the stolen assets. The agency has also stated that members of TraderTraitor are converting the stolen assets into Ethereum and plan to further launder them through decentralized finance services and instant exchange services.
US President Donald Trump has expressed skepticism about North Korea's involvement in the hack, despite the FBI's confirmation. The incident highlights the ongoing concerns about the security of cryptocurrency exchanges and the potential for state-sponsored hacking.
Source: lanacion.com.ar
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