CNA · 2026-11-01 05:41 UTC

Binance's US$6b crypto heist: Five things to know about North Korea's TraderTraitor hackers

North Korea's TraderTraitor hacking group, linked to the Lazarus Group, stole over US$6 billion from Binance on October 29 in what is believed to be the largest crypto heist in history. TraderTraitor operates by posing as recruiters on platforms like LinkedIn, sending malicious code disguised as pre-employment tests to infiltrate systems and steal digital assets. North Korean hackers have conducted multiple high-profile cyberattacks including the 2016 Bangladesh central bank theft (US$81 million), 2022 Ronin network theft (US$620 million), and February 2025 Bybit theft (US$1.5 billion).

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