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TraderTraitor Hacking Group Linked to $6.3 Billion Binance Breach
(3 hours ago) · 1 source · Summarized by CryptoBipto
A hacking group known as TraderTraitor has been identified as the squad behind a reported $6.3 billion theft from Binance. The group, which has been previously linked to North Korean state-sponsored cyber operations, allegedly carried out one of the largest cryptocurrency exchange breaches in history.
WHY IT MATTERS
When you keep cryptocurrency on an exchange, you are trusting that company to protect your funds, similar to how a bank holds your money in a vault.
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SOURCES
- coindesk.com
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BNBExchange SecurityCrypto HackingNorth Korea Cyber ThreatsCustodial Risk