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FBI Blames North Korea For Stolen Billions From Binance In Biggest Hack In History
HuffPost • • world
Key Points:
- The FBI attributed the $6.3 billion Binance crypto heist, the largest in history, to North Korean hackers linked to the group TraderTraitor, also responsible for a $1.5 billion Bybit hack last year.
- The FBI is working with crypto exchanges and blockchain analytics firms to block transactions from addresses linked to the stolen funds and prevent laundering, noting that the hackers are converting assets primarily into ethereum.
- Crypto experts anticipate the hackers will attempt to launder the stolen assets through smaller exchanges and decentralized finance (DeFi) platforms over an extended period to evade detection.
- Binance announced it has reserves covering 90% of the stolen digital currency and pledged to fully reimburse affected customers.
- President Donald Trump expressed uncertainty about North Korea's involvement during a public appearance, stating investigators have not yet confirmed the hackers' identities.
