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How North Korea Stole $6 Billion in Crypto in 20 Minutes

How North Korea Stole $6 Billion in Crypto in 20 Minutes

On Thursday, Binance—the world’s largest cryptocurrency exchange—got to add another “world’s largest” accolade to its name by becoming the target of the biggest cryptocurrency heist in the industry’s history. According to the company, more than $6 billion in digital coins were stolen from users’ digital wallets. Binance has already announced that it’s restored some of the lost funds to affected accounts.

Although the details of the hack are still a bit fuzzy, TRM Labs, a crypto research company, says the money moved out of 10 blockchains within 20 minutes and attributes the attack to TraderTraitor, a hacking unit associated with North Korea. In February last year, the FBI traced a $1.5 billion hack of the crypto…

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