Chainalysis Says TraderTraitor Likely Behind Binance Incident

Chainalysis assessed that North Korea-linked group TraderTraitor likely carried out Binance’s Oct. 29 security incident, adding a second analytics firm’s attribution to an attack Binance estimated had a total impact of $6.3 billion. Chainalysis co-founder and CEO Jonathan Levin tied the assessment to links with a previous hack. Levin put the theft at $6.4 billion; a separate estimate valued it at $5.912 billion at the time of the theft. TRM Labs had also attributed the attack to TraderTraitor and described its assessment as high confidence. Binance’s update at 10:23 p.m.