Crypto's longtime foe, North Korea's Lazarus Group, likely behind Binance hack: blockchain sleuths
Source: CoinDesk ·
From the source
Security researchers suggested that the hermit kingdom's Lazarus Group was behind Thursday's nearly $6 billion hack of the world's largest crypto exchange. A North Korean hacking unit seems to be responsible for stealing over $6 billion in crypto assets from the world's biggest exchange, Binance, according to several blockchain sleuths and analysis firms. North Korea’s Lazarus Group is a state-sanctioned hacking squad known for stealing money via cyber attacks to fund the rogue state’s illicit weapons program. Blockchain investigator ZachXBT said in a post on X (formerly Twitter) that the attacker was "likely Lazarus." Blockchain analytics firm TRM published a blog post late Thursday saying the North Korean hacking group TraderTraitor — a subunit of Lazarus — was likely behind the hack, saying it had "high confidence" in that assessment. Ido Ben-Natan, the co-founder and CEO of crypto security firm Blockaid, said in a statement to CoinDesk that "the tactics and level of…