Cybersecurity

Binance says hackers who stole billions in crypto spent months planning heist

Binance reported a massive cryptocurrency heist, with hackers targeting $6.34 billion in cryptocurrency. The heist was attributed to North Korean actors and involved sophisticated techniques, including social engineering, malware, and compromised internal tooling. The hackers spent months planning the heist, starting as early as June, and successfully compromised an engineer's laptop to withdraw assets. Binance has frozen or intercepted $2.85 billion of the stolen funds and has set aside funds to cover the loss. The incident is considered the biggest cryptocurrency theft in history.

Read the full article at arstechnica.com →