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Analysts suspect North Korean’s TraderTraitor unit behind Binance hack

Analysts suspect North Korean’s TraderTraitor unit behind Binance hack

Almost $9 billion in cryptocurrency has been hacked from exchange company Binance in the largest cyber attack in the cryptocurrency sector’s history. 

The bulk of the heist unfolded in about 20 minutes, blockchain records show, and 30 or 40 different tokens were affected, including Ethereum, Bitcoin, and stablecoins, according to crypto watchers.

So who did it and where has the money gone?

Who did it and how?

The exact culprit behind the heist isn’t known, but many analysts have been quick to point the finger at a cyber unit in North Korea, which has previously orchestrated similar hacks. 

US blockchain analysis firm TRM Labs said the attack mirrored a 2025 heist at crypto exchange Bybit, which the US Federal Bureau of Investigation…

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