On October 29, 2026, Binance suffered one of the largest cryptocurrency thefts in history. Attackers drained approximately $6.3 billion in digital assets from the exchange’s hot wallets. The theft affected multiple blockchains. Most of the funds were moved within just 20 minutes. While Binance continues investigating the breach, blockchain researchers
Binance has confirmed a major security breach involving approximately $6.3 billion in cryptocurrency with nearly $3 billion in affected assets frozen following efforts by the exchange and several crypto companies to stop the stolen funds from moving. The attack took place on October 29, when billions of dollars in digital
The United States Department of the Treasury sanctioned a network linked to North Korean IT workers. They were running cryptocurrency fraud schemes across the world. Reports indicate that the operatives secretly acquired remote IT jobs. Then, they redirected their earnings to the North Korean government through these networks. Investigators believe
Cybersecurity analysts are raising the alarm about a complex scam against cryptocurrency users by using fraudulent Zoom video calls organized by North Korean hackers. According to Security Alliance, a nonprofit cybersecurity organization, such attacks are currently happening several times a day, and victims lose access to their digital property and
The United States Treasury Department has sanctioned individuals and organizations that are associated with North Korean IT worker activities. These sanctions are against an advanced network that infiltrates American crypto firms with fraudulent employees to make money. This move by the Treasury is the most recent attempt to fight the
The Department of Justice of the United States has initiated the seizure of $7.74 million in crypto, reportedly earned by North Korean IT workers by using fake identities and working at blockchain companies as remote contractors. In April 2023, the funds were frozen in an indictment against Sim Hyon Sop.
North Korea’s cyber attacks on the crypto domain are expected to be on the agenda at the upcoming G7 summit in Canada next month.. This is an indication that the world is increasingly becoming worried about North Korea’s cyber activities. However, the issues in Ukraine and Gaza will remain the
The US Treasury Department wants to ban the Cambodia-based Huione Group from having access to the American banking system. The Department also claimed that the Group helped a hacker group from North Korea in laundering cryptocurrency. On May 1, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) made a proposal
A North Korean hacker applied for an engineering role at the crypto exchange Kraken. On May 1, Kraken posted, mentioning that it had identified a North Korean hacker applying for a job role in the company. However, the exchange did not contact the authorities or send the candidate away, instead,
U.S. cybersecurity firm, Silent Push, reported that North Korean hackers used legitimate US business entities to deploy malware against cryptocurrency developers. These hackers developed an advanced scheme that used false job advertisements to trick developers into falling victim to their cyber attacks. Three front organizations participated in the operation. Blocknovas
