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Frantic Binance Hackers Created Windfall for Fast Crypto Traders
Hackers who breached Binance are linked by the FBI to North Korea, a claim Pyongyang denies, in what has been called the largest hack in
Key points
- The FBI, the Secret Service and cyber analysts say North Korea orchestrated the hack, described as the largest in history.
- Kim Yo-jong called the US accusations a 'sinister attempt' to damage Pyongyang's public image.
- Binance says an engineer's laptop was compromised and it has covered around 95% of stolen assets so far.
Why it matters. The attribution to North Korea, which Pyongyang denies, bears on a state accused of using cyber-crime to help finance its sanctioned economy.
Kim Yo-jong, sister of North Korea's leader Kim Jong Un, said on Tuesday that US accusations are a 'sinister attempt' to damage Pyongyang's public image. The FBI and the Secret Service say North Korea orchestrated the hack, which blockchain analysts and the FBI attribute to the state-backed group TraderTraitor. Binance said an engineer's laptop was compromised, allowing unauthorised withdrawals, and it has covered around 95% of the stolen assets so far.
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Frantic Binance Hackers Created Windfall for Fast Crypto Traders
55 minutes ago Osmond Chia Business reporter Reuters Kim Yo-jong, the sister of North Korea's leader Kim Jong Un Kim Yo-jong, a top Democratic People's Republic of Korea official and the sister of leader Kim Jong Un , said on Tuesday that the accusations are another "sinister attempt" by the US to damage Pyongyang's public image. The US Federal Bureau of Investigation (FBI), the Secret Service and cyber analysts have said North Korea orchestrated the hack, which has been described as the largest in history. This is the latest hack to be linked to North Korea, which has been accused of relying on cyber-crime to help finance its sanctioned economy. Blockchain analysts and the FBI have said the attack was led by state-backed hacking group TraderTraitor. The FBI has called on industry partners to help block transactions involving cryptocurrency accounts linked to the group. "The US has made a trite provocation of linking it with the Democratic People's Republic of Korea again," Kim Yo-jong, the director of North Korea's General Affairs Department, said in a statement. "It is a grave political provocation against the DPRK that the US misleads the international public opinion as if all the cyber crimes in different parts of the world are our deeds," she said. But Pyongyang has been blamed for a number of major cyber attacks in recent years - accusations that it has denied. Pyongyang .