Binance logo in yellow over stylised and hacker code in blueImage source, Reuters
ByLily JamaliNorth America Technology correspondent
  • Published1 hour ago

Two major blockchain analytics firms say they have robust intelligence pointing to a North Korean state-backed group as the likely culprits in the $6.3bn (£4.7bn) hack of Binance, the world's largest cryptocurrency exchange.

The Lazarus Group, a North Korean hacking unit also known as TraderTraitor, was identified "with high confidence" by TRM Labs, as well as Chainalysis.

This incident is just the latest linked to the country, one of the poorest in the world and where access to the internet is severely restricted.