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Binance says hackers who stole billions in crypto spent months planning heist

Binance says hackers who stole billions in crypto spent months planning heist

Summary

Binance said hackers spent months preparing a cryptocurrency theft by using fake job interviews, malicious software and compromised internal tools. The attackers initially targeted $6.34 billion in crypto, and Binance said it had frozen or intercepted $2.85 billion; the FBI and TRM Security attributed the operation to North Korean actors.

Key Facts

  • Binance said the attackers’ campaign began no later than June and continued until late October.
  • The attackers compromised an engineer’s laptop and used access to several wallets to initiate transfers.
  • In September, an attacker posing as a recruiter persuaded an engineer to download a malicious coding assignment.
  • Binance said the malware evaded endpoint security tools and concealed traces of its activity.
  • On October 20, attackers used a compromised computer and an internal AI tool to take control of two other engineers’ devices.
  • The attackers used a stolen credential and a container deployment to activate a transfer script.
  • Binance said it froze or intercepted $2.85 billion of the $6.34 billion initially targeted.
  • Binance said it had set aside funds to cover the loss.
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