AXIOS · 2026-10-31 11:15 UTC

How North Korea perfected the crypto heist

North Korean hackers stole $6.3 billion from Binance, with $3 billion frozen on-chain so far; the attack was attributed to TraderTraitor, linked to the Lazarus Group. The hackers completed the theft in as little as 20 minutes using automation and destroyed evidence at unprecedented speed, with preparation beginning just 36 hours before the attack. North Korean cyberattacks are becoming faster and more sophisticated, using AI-powered social engineering and automation to expand IT worker fraud and cryptocurrency theft operations.

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