Details Emerge on Binance Crypto Exchange Heist
The Binance cryptocurrency exchange has released an initial report detailing how a $6.3 billion theft was carried out using sophisticated social engineering.
The Binance exchange has revealed new details regarding the cyberattack that took place in late October, during which digital assets worth $6.3 billion were stolen. According to reports from Dawn and Yonhap, the hackers began preparing for the breach as early as June, employing social engineering tactics. The attackers contacted company software engineers, posed as potential employers, and conducted fake job interviews. During this process, the hackers injected malicious code into technical exercises that employees were prompted to download.
According to Binance, the company has managed to replenish 98 percent of the affected assets using its own funds. The FBI has attributed the attack to North Korea-linked hackers, a claim Pyongyang has dismissed as "absurd rhetoric." Further details have not yet been released.
Sources: Dawn, Yonhap News
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