The FBI officially linked the historic $6.43 billion Binance cryptocurrency heist to North Korea's TraderTraitor group, tracking vector insights from SentinelOne, Microsoft, and Zscaler on malware distribution methods.
According to US authorities, the money was stolen from 11 different networks, with 82% coming from the Ethereum and Bitcoin networks. Authorities observed the perpetrators converting the stolen coins primarily into Ethereum.
Who else is involved and what has been frozen?
The group is also being monitored by experts under other names, such as Jade Sleet and UNC4899. Of the $6,43 billion stolen, Tether, Circle, Ripple, Arbitrum and Optimism have managed to freeze $2,85 billion directly on their networks.
Analytics firm Elliptic noted that this single attack nearly doubles the total amount stolen in recent years by groups linked to the North Korean regime, which exceeds $6,5 billion.
How Binance reacted
Binance temporarily suspended withdrawals following the incident and then gradually resumed the first phase of operations. User deposits remained open and were not affected.
How hackers attack
The group has a history of attacks dating back at least to 2020, tricking victims into downloading apps that hide malicious programs. It has previously been linked to attacks on DMM Bitcoin services, Bybit, KelpDAO, and Bitget.
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