The $6.4 Billion Binance Exploit: Tracing the North Korea Link

Chainalysis investigators assess the $6.4 billion hack of Binance — the largest in the history of crypto, and one of the single-largest financial crimes of all time — to be the work of North Korean cybercrime group TraderTraitor. This group has repeatedly targeted the cryptocurrency industry, exchanges, DeFi protocols, and investors, to raise funds for the regime. From the beginning: Around 4:20 p.m Eastern Time on October 29, funds began leaving Binance hot wallets across multiple blockchains.