FBI Flags Over 600 Addresses Tied to North Korea’s Binance Heist
Source SecurityWeek
Description
The FBI has attributed the $6 billion Binance cryptocurrency heist to North Korea’s state-sponsored hacking group TraderTraitor. The attackers compromised Binance’s infrastructure, including multiple breach points beyond an initially suspected compromised laptop, and rapidly emptied hot wallets across multiple blockchains. The stolen funds are being laundered primarily into Ethereum and then through decentralized finance (DeFi) and instant swap services. The FBI has identified over 600 cryptocurrency addresses linked to the theft and is coordinating with industry partners to block transactions from these addresses. Binance has pledged to cover all losses and has already replaced about 95% of the stolen funds using company resources. The laundering activity appears to be highly automated, with continuous fund movements across numerous addresses and chains.