FBI Accuses North Korea of $6 Billion Binance Hack
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Insights by Echo AI
The FBI has officially accused North Korea of orchestrating the $6 billion hack on cryptocurrency exchange Binance. The hack, which occurred on October 29, saw North Korean hacker group 'TraderTraitor' gain access to Binance's systems via an employee's laptop, stealing assets primarily converted to Ethereum for laundering. Binance has recovered around 90% of the stolen funds and will cover all client losses.
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