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North Korea’s TraderTraitor linked to $6.3B Binance hack

TRM Labs says it has high confidence in the attribution, while ZachXBT identified stolen funds from the Binance and Bitget hacks converging at the same address.

Cointelegraph•

TRM Labs says it has high confidence in the attribution, while ZachXBT identified stolen funds from the Binance and Bitget hacks converging at the same address.

Cybersecurity researchers from TRM Labs and Chainalysis, along with onchain investigator ZachXBT, have linked the $6.3 billion Binance hack to North Korea’s TraderTraitor group.

TRM Labs attributed the attack to TraderTraitor with “high confidence,” citing onchain and offchain intelligence.

Chainalysis co-founder and CEO Jonathan Levin also pointed to TraderTraitor, saying the group stole $6.4 billion, slightly above Binance’s estimated $6.3 billion impact.