Where the Binance theft sits: the biggest crypto hacks ever, and what happened to the money afterwards
The headline losses are enormous. In several of these cases users were made whole afterwards, and in one the hacker simply gave the money…
The headline losses are enormous. In several of these cases users were made whole afterwards, and in one the hacker simply gave the money…
For Bangladesh this is not a distant story. The group now blamed for the largest crypto theft ever is the one blamed for the raid on the…
Until Saturday the attribution came from two private analytics firms. It now comes from the FBI, which named the unit TraderTraitor.
Attribution in cyber-attacks is usually hedged. Two firms saying “high confidence” about the same unit, days after the event, is unusually…
The exchange says a self-destruct mechanism destroyed the attackers’ traces as they went. The market took the news badly even though…
The exchange says customer funds are safe and it is covering every loss. The interesting part is which of the stolen money could be frozen…