Binance reveals hackers used fake job interviews, malicious code in $6-bn heist.
The post Binance reveals hackers used fake job interviews, malicious code in $6-bn heist appeared first on Vanguard News .
Binance released on Tuesday a detailed investigation into the $6 billion hack of its cryptocurrency platform, showing how attackers used fake job interviews and malicious code to steal the funds.
The crypto exchange said it had replenished 98 percent of the affected assets by drawing on its own funds, with the remaining amount involving little-traded currencies that are harder to acquire.
The attack, carried out over about four hours on October 29, was attributed by the US Federal Bureau of Investigation (FBI) to North Korea-affiliated hackers. Pyongyang has denied the allegations, with the powerful sister of leader Kim Jong Un calling the claim “absurd rhetoric.” Around $2.85 billion of the stolen $6.34 billion has been frozen, Binance said, meaning that the attackers could not use it or convert it to another currency. Binance is the world’s largest crypto exchange by daily trading volumes. News of the hacking attack, which is thought to be the biggest ever crypto heist, caused the prices of most major cryptocurrencies to fall sharply.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Vanguard.