Reuters, citing KCNA, reported the denial after the FBI blamed TraderTraitor for stealing more than $6 billion from Binance.
Kim Yo Jong, sister of North Korean leader Kim Jong Un, dismissed US claims linking the country to the Binance hack as “absurd rhetoric,” Reuters reported on Nov. 2, citing the Korean Central News Agency, or KCNA. The denial disputes the US government's attribution of the theft of more than $6 billion from the cryptocurrency exchange.
The FBI had blamed North Korea's TraderTraitor operation in an Oct. 31 alert, placing the theft on or about Oct. 29. TraderTraitor is the bureau's name for the specific North Korean cyber activity it identified in the attack.
Blockchain intelligence firm TRM Labs estimated that approximately $6 billion left Binance wallets across ten blockchains, with most of the funds moving in about 20 minutes beginning at 20:05 UTC on Oct. 29. The firm's initial figures reflected observations through 00:30 UTC on Oct. 30.
TRM attributed the Binance hack to TraderTraitor with high confidence, citing on-chain and off-chain intelligence.
The firm also assessed that valid signed transfers across different blockchains pointed to a compromise of Binance's hot-wallet signing infrastructure. That would place the breach in the systems used to authorize outgoing wallet transactions. The explanation remains TRM's assessment of how the transfers were enabled. Its conclusion connects the ability to produce valid transfers on different networks with a potential weakness in the infrastructure used to sign those transactions.
Start with the stories that matter. Get the context behind the headlines and a clear view of what to watch next.
Source link
