Results for “binance”

If the accusations are true, the record-making heist shows how powerful suspected North Korean hackers have become.

Security experts are calling it the "largest bank robbery in human history." Getting all of the stolen crypto funds won't be easy.

The cyber-attack, which the company describes as complex, is believed to be the largest ever of its kind.

A cyberattack on Binance, the world's largest crypto exchange, was likely carried out by North Korea, according to a blockchain intelligence firm.

Cryptocurrency theft is estimated to generate half of the country’s foreign currency income North Korea plays by its own rules. The isolated, secretive and autocratic country is largely cut off from the world’s economic system – but when it comes to generating foreign earnings it relies on some of the world’s most sophisticated hacking. Experts, such as TRM Labs, quickly attributed the extraordinary $6.3bn (£4.7bn) Binance cryptocurrency theft to TraderTraitor, an elite North Korean hacking unit that has also been known as the Lazarus Group. Though the link may not be proven yet, the pattern of behaviour is familiar. Continue reading...

Crypto platform Binance has suspended trading following a suspected hack now linked to North Korea. The disruption has left users unable to trade on the cryptocurrency platform while the suspected breach is investigated.

Cryptocurrency exchange giant Binance has been targeted by a record-breaking $6.3 billion cyber heist, with blockchain intelligence firms linking the attack to North Korea. By Thursday night in the US, a coordinated effort by major crypto platforms successfully froze roughly $3 billion of the stolen assets during a high-stakes race to track and secure the digital funds.

The world's biggest cryptocurrency exchange reported Thursday that approximately $6.3 billion was impacted in an apparent hack.

Cyber correspondent Joe Tidy explains more about what is suspected to be the biggest hack in history.