BUSINESS TIMES SG · 2026-11-02 10:55 UTC

North Korea's hackers supercharge crypto heists with AI skills

North Korean hacker group 'TraderTraitor' conducted a $6.3 billion Binance hack, the largest crypto heist ever, using AI tools to target high-value crypto businesses. The elite state-sponsored unit, trained from childhood at institutions like Moranbong College, is responsible for 89% of reported crypto hack losses in 2026 and generates billions in revenue for North Korea's weapons programs. AI has significantly lowered barriers to entry and increased operational speed for these hackers, who combine technical skills with social engineering to compromise employee access.

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