GoKawiilBlockchain firms tie North Korea's Lazarus Group to $6.3bn Binance hack
TRM Labs and Chainalysis both said with high confidence that the Lazarus Group, a North Korean state-linked hacking unit also known as TraderTraitor, was behind a $6.3bn theft from the Binance cryptocurrency exchange. The group has previously been blamed for other major cyberattacks, including the 2014 Sony Pictures breach.
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Analysts say North Korea relies on cybercrime, including cryptocurrency theft, to generate revenue for its government, which it denies. If confirmed, this would mark one of the largest crypto heists attributed to a state actor, raising fresh questions about the security of major exchanges and the ability of sanctioned regimes to exploit crypto markets for funding.
- Two separate blockchain analytics firms independently linked the hack to North Korea's Lazarus Group
- The $6.3bn theft targeted Binance, the world's largest crypto exchange
- North Korea has a history of suspected state-sponsored cyberattacks, including the 2014 Sony Pictures hack
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Published there as: “Why North Korea's 'elite' hackers are the prime suspect in major Binance hack”
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