TRM Labs executive Ari Redbord called for governments to take offensive action against North Korean hackers following the record $6.3 billion Binance theft.
The $6.3 billion Binance hack sent shockwaves through the crypto industry. Following a series of increasingly severe cybersecurity incidents, the attack on the world’s biggest crypto exchange demonstrated how far state-backed hackers can, and will, go.
TRM Labs, a blockchain intelligence company, was on the front lines of efforts to stop the theft, releasing a report in its aftermath. The firm was early to attribute the attack to the North Korean hacking group, TraitorTrader, citing “indisputable” onchain and offchain evidence. The $1.5 billion hack of Bybit in February 2025 was attributed to the same group.
Binance said in its postmortem on Nov. 3 that attackers posed as recruiters to plant malware on an engineer’s work computer, then used a compromised internal AI tool to reach its wallet-signing service.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
