Hacking News
TRM and Chainalysis Link Binance Hack to North Korea's TraderTraitor
Blockchain analytics firms TRM Labs and Chainalysis have attributed the recent Binance hack to the North Korean hacking group TraderTraitor. TRM Labs estimated the theft at about $6.36 billion, while Chainalysis put it at about $6.4 billion. Both firms noted that the attack was funded through Tornado Cash and used features like EIP-7702 delegation to control Binance wallets. The hack occurred on 10 blockchains, with most funds moving in about 20 minutes from 4:05 p.m. ET on Thursday.