FBI Blames North Korea for Multi-Billion-Dollar Binance Hack

The US Federal Bureau of Investigation (FBI) announced that North Korea was behind the cyberattack on crypto exchange Binance, in which digital assets worth more than $6 billion were stolen, Bloomberg and Arutz Sheva reported. Network CBS News noted that blockchain intelligence experts also attributed the heist to Pyongyang.

According to Israeli newspaper Maariv, the attack unfolded in just about half an hour, netting approximately $6.3 billion. Although it was initially suspected to be a breach of a single employee's computer, investigators found that the hackers tested the malware hours in advance, activated hundreds of digital wallets, and sought to outpace efforts to freeze the funds.