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An elite North Korean hacking group stole $6.3 billion from cryptocurrency exchange Binance in an October 29 heist, described as the largest cryptocurrency theft ever. Experts warn that inconsistent internal controls and social engineering allowed attackers to compromise a single employee and escalate access, renewing scrutiny of industry-wide security practices and regulatory oversight.
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Summary by ByteBrief

North Korea Steals $6.3B in Crypto

North Korea Steals $6.4B From Binance

TRM Labs attributes the Binance hack to North Korea-based TraderTraitor, which drained ~$6.36B from Binance wallets across 10 blockchains, mostly in ~20 minutes (Tom Westbrook/Reuters)