BBC · 2026-10-31 02:12 UTC

Why North Korea's 'elite' hackers are the prime suspect in major Binance hack

Two blockchain analytics firms identified North Korean state-backed Lazarus Group with high confidence as likely culprits in a $6.3bn Binance hack. North Korea has a history of major cybercrimes including a $1.5bn Bybit theft last year and a $620m cryptocurrency theft in 2022, with the FBI accusing the nation of systematic illicit cybercrime. Binance recovered approximately 80% of stolen assets; the attacker used novel laundering patterns and likely gained access to the exchange's hot wallet signing system.

Loading the story on Tree News…