Binance says hackers who stole billions in crypto spent months planning heist
Hackers attributed to North Korean actors stole billions of dollars from Binance through a sophisticated operation that lasted from at least June until last Thursday. The attack initially targeted $6.34 billion—the largest cryptocurrency theft ever—using both social engineering tactics and novel malware to compromise an engineer's laptop and access multiple wallets. Binance has recovered $2.85 billion of the stolen sum and set aside funds to cover losses.
Key points
- North Korean hackers targeted $6.34 billion from Binance wallets
- Attack lasted months; used social engineering and custom malware
- Binance recovered $2.85 billion; largest crypto theft on record
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