Binance, the world’s largest cryptocurrency exchange, has confirmed that it was the target of a $6.3 billion hack, the biggest cyber‑attack on a crypto platform ever recorded.
The breach, which saw millions of dollars siphoned from user wallets, has left the company scrambling to recover the stolen funds and to reassure its customers. Binance has not yet released details on the extent of the loss or the number of accounts affected.
Two independent analytics firms have traced the attack to a North Korean hacking unit known as TraderTraitor. The firms say the unit’s sophisticated techniques and track record of targeting crypto exchanges make it a likely suspect.
TraderTraitor has previously been linked to a series of high‑profile cyber‑crimes against cryptocurrency firms, and its involvement would represent a significant escalation in state‑backed cyber‑crime activity.
Binance has stated that it is cooperating with law enforcement and security specialists to investigate the breach and to prevent further losses. The company has urged users to remain vigilant and to monitor their accounts for any unusual activity.
<small>Source: BBC News — read the original story there.</small>