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

What happened: Two blockchain analytics firms, TRM Labs and Chainalysis, identified North Korea's Lazarus Group, also known as TraderTraitor, with high confidence as the likely culprit in the $6.3bn hack of Binance. Key numbers: $6.3bn (£4.7bn) hack of Binance; $1.5bn Bybit theft in 2024 cited by the FBI; $620m in cryptocurrency stolen in 2022; 80% of stolen assets secured per a Binance spokesperson. Why it matters: Binance initially blamed a compromised engineer's laptop, then said the attack was wider. Chainalysis said the attacker used laundering patterns "we have not seen before. Coverage: 11 outlets in 24h

Two blockchain analytics firms, TRM Labs and Chainalysis, identified North Korea's Lazarus Group, also known as TraderTraitor, with high confidence as the likely culprit in the $6.3bn hack of Binance.

Binance initially blamed a compromised engineer's laptop, then said the attack was wider. Chainalysis said the attacker used laundering patterns "we have not seen before.