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Hackers stole $6.3B from Binance, likely NK and compromised dev's laptop

Publisher
Yahoo Finance (News media)
Original
https://finance.yahoo.com/markets/crypto/articles/tether-circle-freeze-2-38-222607515.html
Published
First seen
Last captured
Watched for edits
No

Capture history

Newest first. The raw hash is the SHA-256 of the stored copy exactly as fetched. We keep the copy privately and publish its hash. The text hash is of the text extracted from it, which is what is compared between captures.

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firecrawl-web08200081d1f869eec39e4bca0d33014d970ac143a305131fd8c214f52930a9a542528411b8b2cf025eaf4ec93acb931a05168ad35b6c51fc8ddff5b381ed0abb12be4No

Changes between captures

No text changes detected between captures of this source.

Claims quoted from this source

ReportedattributionStatement 216

TRM Labs and Chainalysis noted that the heist bore similarities to previous large attacks blamed on North Korea.

The bulk of the Binance heist unfolded in around 20 minutes beginning late on Thursday and bore similarities to previous large attacks blamed on North Korea, according to US blockchain analysis firms TRM Labs and Chainalysis.

Speaker
Not recorded
Publisher
Yahoo Finance (News media)
Original
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ReportedamountStatement 207

Binance promised to cover all losses from company funds and allow clients to trade again within days after a record $6.3 billion hack.

Binance, the world's biggest cryptocurrency exchange, worked on Friday to shore up public confidence after a record $6.3 billion hack of its platform, promising it would cover all losses from company funds and allow clients to trade again within days.

Speaker
Binance
Publisher
Yahoo Finance (News media)
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ReportedfreezeStatement 208

Binance stated that customer funds were safe and that it had located about $3 billion of the affected assets while working with partners to freeze them.

Binance said customer funds were safe and it is working with industry partners to freeze some of the affected assets, with about $3 billion located so far.

Speaker
Binance
Publisher
Yahoo Finance (News media)
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ReportedreservesStatement 209

Binance co-CEO Yi He stated that the $3 billion in located assets represented only about 2% of the company's total user assets and public reserves.

Binance co-CEO Yi He said in a post on X that $3 billion represented only about 2% of the company's total user assets and public reserves.

Speaker
Yi He
Publisher
Yahoo Finance (News media)
Original
Hackers stole $6.3B from Binance, likely NK and compromised dev's laptop
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ReportedwithdrawalsStatement 210

Binance announced that its technical team was targeting a resumption of withdrawal services within approximately 34 hours.

The exchange also said on Friday afternoon US eastern time that its technical team was targeting a resumption of withdrawal services within approximately 34 hours.

Speaker
Binance
Publisher
Yahoo Finance (News media)
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ReportedamountStatement 211

Binance said it has set aside around $6.34 billion of company funds internally to cover the losses.

Binance said it has set aside around $6.34 billion of company funds internally to cover the losses.

Speaker
Binance
Publisher
Yahoo Finance (News media)
Original
Hackers stole $6.3B from Binance, likely NK and compromised dev's laptop
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Reportedroot causeStatement 212

Binance co-CEO Richard Teng described the breach as a complex attack involving a compromised laptop and malicious software designed to delete evidence.

Binance's other co-CEO, Richard Teng, said in a post on X that the breach was a "complex attack" that was not carried out by one person and included a compromised laptop as well as malicious software designed to delete evidence of its activity as it went along, "making it more difficult for us to trace and investigate."

Speaker
Richard Teng
Publisher
Yahoo Finance (News media)
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Reportedroot causeStatement 213

Richard Teng explained that hackers manipulated a transaction approval system to move money from a hot wallet without passing through normal controls.

The hackers were able to manipulate a system used to approve transactions to move money out of a Binance-controlled, internet-connected so-called "hot" wallet in a way that did not pass through normal approval controls, Teng said.

Speaker
Richard Teng
Publisher
Yahoo Finance (News media)
Original
Hackers stole $6.3B from Binance, likely NK and compromised dev's laptop
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ReportedamountStatement 215

British blockchain analysts Elliptic stated that the incident is almost certainly the single-largest-known theft of any kind.

"This incident is almost certainly the single-largest-known theft of any kind," British blockchain analysts Elliptic said.

Speaker
Elliptic
Publisher
Yahoo Finance (News media)
Original
Hackers stole $6.3B from Binance, likely NK and compromised dev's laptop
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ReportedattributionStatement 217

US President Donald Trump said he did not know if North Korean hackers were behind the theft but that his administration is looking into it.

US President Donald Trump, asked on Friday whether North Korean hackers were behind the theft, said he did not know but his administration is looking into it.

Speaker
Donald Trump
Publisher
Yahoo Finance (News media)
Original
Hackers stole $6.3B from Binance, likely NK and compromised dev's laptop
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ReportedregulatorStatement 218

The FBI stated it is aware of the incident and is engaged with partners to understand the scope and coordinate investigative steps.

The FBI said it is "aware of the incident and is engaged with relevant public and private partners to understand the scope of the activity, evaluate potential impacts, and coordinate appropriate investigative steps."

Speaker
FBI
Publisher
Yahoo Finance (News media)
Original
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ReportedrecoveryStatement 219

The US Secret Service said its investigators are working with private-sector partners, including Circle, to identify, freeze, trace, and recover funds stolen from Binance.

The Secret Service said that its investigators "are working around the clock with our private-sector partners, including Circle, to identify, freeze, trace and recover funds stolen from Binance on Thursday."

Speaker
US Secret Service
Publisher
Yahoo Finance (News media)
Original
Hackers stole $6.3B from Binance, likely NK and compromised dev's laptop
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ReportedregulatorStatement 220

Abu Dhabi's Financial Services Regulatory Authority said it is engaging closely with Binance and monitoring the incident.

Abu Dhabi's Financial Services Regulatory Authority, which issued Binance's main operating license, said it is "engaging closely with Binance and monitoring the incident."

Speaker
Abu Dhabi's Financial Services Regulatory Authority
Publisher
Yahoo Finance (News media)
Original
Hackers stole $6.3B from Binance, likely NK and compromised dev's laptop
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ReportedfreezeStatement 159

Yahoo Finance reported that Tether said it froze nearly $1.57 billion in assets linked to the incident, while Circle froze more than $800 million.

Stablecoin issuer Tether said it froze nearly $1.57 billion in assets linked to the incident, while Circle froze more than $800 million.

Speaker
Not recorded
Publisher
Yahoo Finance (News media)
Original
Hackers stole $6.3B from Binance, likely NK and compromised dev's laptop
Captured
Stored copy
sha256 081d1f869eec
Published