Science & Tech · Cybersecurity · 13 hrs ago
More than $6.3 billion in cryptocurrency stolen from Binance
On October 29, hackers apparently linked to North Korea stole more than $6.3 billion in cryptocurrency from Binance, one of the world’s largest crypto platforms.
They reportedly accessed the system through an employee’s computer and manipulated another employee using a fake job offer.
Some of the stolen cryptocurrency was reportedly frozen, and victims may be able to recover those funds.
The episode shows that it can be possible to block or recover stolen cryptocurrency.
That power could also allow arbitrary decisions, including a government freezing a citizen’s funds as a form of punishment.
Experts discuss how recovery may work and why thieves may be unable to use some of the stolen funds, but no further outcome is stated.
More than $6.3 billion in cryptocurrency was stolen from Binance on 29 October.
The theft took about 20 minutes, according to Le Temps.
The hackers were apparently linked to North Korea.
They reportedly gained access through an employee’s computer and manipulated another person using a fake job advertisement.
A portion of the stolen cryptocurrency was later reported to have been frozen.
- Who
- Hackers apparently linked to North Korea carried out the theft.
- What
- More than $6.3 billion in cryptocurrency was stolen from Binance.
- When
- 29 October; the year is not stated.
- Where
- Binance’s systems; the article does not state a physical location.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Hackers stole more than $6.3 billion in cryptocurrency from Binance in about 20 minutes.
Reports said that a portion of the stolen funds had been frozen.
- Amount stolen
- More than $6.3 billion
- Platform
- Binance
- Date
- 29 October
- Time taken
- About 20 minutes
- Reported link
- Hackers apparently linked to North Korea