North Korea linked to $6.3B Binance hack as investigators uncover connection to $388M Bitget exploit - TRM Labs attributes the Binance atta…
North Korea linked to $6.3B Binance hack as investigators uncover connection to $388M Bitget exploit
- TRM Labs attributes the Binance attack to North Korean hacking group TraderTraitor with high confidence. CNN Confirmed
- Attackers exploited Ethereum’s EIP-7702 authorization mechanism, submitting 50 authorizations against Binance 14. Only one succeeded, activating malicious code that enabled assets to be drained.
- ZachXBT traced funds from both the Binance and $388M Bitget exploits to the same address, pointing to a possible link between the attacks.
- Binance withdrawals expected to resume within 48 hours, co-founder Yi He says
Deposits are unaffected and working normally while the team strengthens withdrawal controls
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