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North Korean actors executed a sophisticated cyberattack on crypto exchange Binance, stealing $6.3 billion in digital assets. While the exchange resumed operations by Saturday, hackers permanently drained roughly $3.8 billion in net losses. The incident marks a terrifying new era where AI helps criminals refine tradecraft, threatening the broader internet beyond cryptocurrency.
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Summary by ByteBrief

North Korea Steals $6.4B From Binance

North Korea Steals $6.3B in Crypto

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)