Live updates: Binance $6.3B hack linked to North Korea’s TraderTraitor

Live updates: Binance $6.3B hack linked to North Korea’s TraderTraitor

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30 at 05:01 am UTC Chainalysis co-founder and CEO Jonathan Levin said the Binance hack was likely carried out by North Korean hacking group TraderTraitor, citing links to a previous hack.

In a post on X, Levin put the theft at $6.4 billion, slightly above Binance’s estimated $6.3 billion impact.

He said industry partners had frozen approximately $3 billion and Chainalysis was continuing to track the funds.

In a separate post, onchain investigator ZachXBT said the stolen funds from the Binance attack and the earlier Bitget exploit were commingled in the same address on Friday, after arriving via THORChain.

“This indicates the same actor is likely behind both incidents,” he said.

“The Bitget exploit was attributed to DPRK-linked TraiderTraitor, which had overlap with other previous exploits such as Kelp DAO,” he added.

Speaking to Cointelegraph, Blockaid co-founder and CEO Ido Ben-Natan also said the attack resembled the work of North Korea, or DPRK, based on the sophisticated onchain preparations, customer sweeper contract and multiple authorizations.

TRM Labs has also attributed the attack to TraderTraitor with “high confidence,” which it said is “based on robust on and off-chain intelligence.” TraderTraitor has also been named by the FBI as the same group responsible for the ByBit hack in February last year.

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