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

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

The company had initially said it thought an engineer’s laptop had been compromised, allowing unauthorised withdrawals, but later said the attack was wider. “Our subsequent investigation has uncovered additional points of breach,” Binance’s co-CEO Richard Teng said. Some 80% of stolen assets have been secured, a Binance spokesperson said on Friday, but the rest remains

The company had initially said it thought an engineer’s laptop had been compromised, allowing unauthorised withdrawals, but later said the attack was wider.

“Our subsequent investigation has uncovered additional points of breach,” Binance’s co-CEO Richard Teng said.

Some 80% of stolen assets have been secured, a Binance spokesperson said on Friday, but the rest remains unaccounted for.

If the accusations are true, the record-making heist shows how powerful suspected North Korean hackers have become – a sign that the tools of the hacking trade have grown sharper.

Experts say the rise of artificial intelligence has also given threat actors new ways to carry out crime, through automation and other means.

In this case, it’s plausible that AI was used to infiltrate Binance’s systems.

As Chainalysis put it, the attacker used laundering patterns “we have not seen before”.

Source: www.bbc.co.uk

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