What is TraderTraitor, the hacking squad behind the $6.3 billion Binance heist
Source: CoinDesk ·
From the source
The hacking group has been behind some of the crypto industry's most recent high-profile thefts. Leading cryptocurrency exchange Binance suffered a $6.3 billion heist last week, which the FBI and various analysis firms attributed to a North Korean hacking squad known as TraderTraitor. The theft was the largest in crypto history, more than four times the $1.5 billion stolen from Bybit in February 2025, an attack the FBI also blamed on TraderTraitor. The Binance theft roughly doubled in one swoop the more than $6 billion TRM Labs estimated in April that North Korean hackers had stolen since 2017. TraderTraitor’s attacks have repeatedly begun with recruitment pitches or compromises of trusted software suppliers, according to FBI findings and Bybit’s investigation . Those breaches gave its hackers access to the systems used to approve transfers. TraderTraitor is North Korea's elite unit for stealing cryptocurrency,” Ari Redbord, TRM Labs’ global head of policy and government affairs,…
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