CNN: Crypto-tracing firm TRM Labs attributed the heist to an elite North Korean hacking unit “based on robust on and off-chain intelligence,” pointing out that “several features of this attack match earlier North Korea-linked heists.”
…“I think the cat and mouse game has barely begun yet,” the Pangolin Intelligence analyst told CNN, adding that North Korea was likely poised to tap a network of money laundering organizations to try to cash out the stolen funds…
Binance’s $6.3 Billion Hack Is Just the Start of a Risky New Era
The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds…
What Protections Exist for Binance’s Customers?
After a $6.3 billion hack, the company said it was going to reimburse customers who had losses…
Binance’s $6.3 billion hack: How crypto insurance works
But insurance protection is far from uniform. Coverage depends on how assets are stored, how hackers gain access and the specific terms of the policy…
Binance’s $6 Billion Heist Rattles Crypto And Draws Scrutiny
The Federal Bureau of Investigation is aware of the Binance crypto exchange incident and is coordinating with its partners to understand the scope of the activity and evaluate potential impacts.
The Binance breach has yet to have its full details emerge, but it comes amid growing concern about the risks posed by hackers in the age of artificial intelligence.
Binance co-Chief Executive Officer Richard Teng said the exchange is able to cover all losses as a result of its ongoing investment of revenue into cryptocurrencies…