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Crypto Security

North Korea's Lazarus Group Suspected in Binance Heist

North Korea's Lazarus Group is suspected of being behind the $6.36 billion theft from crypto exchange Binance. Blockchain investigators have linked the attack to TraderTraitor, a unit associated with the group. The operation reportedly abused an Ethereum wallet authorisation feature.

Context

Context: Lazarus is a hacking group widely linked by governments and researchers to North Korea, which is believed to use cybertheft to raise funds despite international sanctions. Crypto exchanges hold large sums, so they are frequent targets.

Economic Times
Burning Potato score: 79%

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