Mmastodon BusinessCrypto first seen 7 d ago, last 6 d ago, peak #7
North Korea blamed for massive crypto theft amid frozen funds
Original: How do we know it’s North Korea? Few attackers can pull off thefts this big, and DPRK hackers have a signature in how th
Analysts are pointing to North Korea as the likely culprit behind a major cryptocurrency theft, citing the country's distinctive patterns in funding attacker wallets, making test transactions, and laundering stolen funds. Few hacking groups can execute heists of this scale. Tether and Circle have frozen more than $2.4 billion linked to the attack, with discussion ongoing about how frozen assets could be burned and reissued through Binance.
Why now: Discussion of a newly disclosed large-scale crypto hack and the debate over attributing it to North Korean hackers.
North KoreaTetherCircleBinance
Evidence
- How do we know it’s North Korea? Few attackers can pull off thefts this big, and DPRK hackers have a signature in how they fund attacker wallets, make test transactions, and launder funds. Tether and Circle froze $2.4B+ which they can burn and reissue to Binance. Binance says… · molly0xfff@hachyderm.io · 79
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