BLOOMBERG · 2026-10-30 16:01 UTC

Binance Heist Shows Power of Suspected North Korean Hackers

Binance suffered a record $6.3 billion hack attributed to North Korean hackers, who have been responsible for over three-quarters of crypto hacking losses since the start of the year. Security experts believe North Korean hackers are now using AI tools for reconnaissance and social engineering, marking a shift from simpler attacks to more complex, targeted operations requiring weeks of manipulation. The attack, attributed to the elite North Korean unit TraderTraitor, involved compromising a software engineer's laptop to access Binance's withdrawal processing systems.

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