Private blockchain analysis companies TRM Labs and Chainalysis have both assessed that North Korean state-backed hackers were behind the recent breach of the Binance cryptocurrency exchange.
Binance first reported on Oct. 29 that about $6.4 billion in assets in cryptocurrency wallets on its platform had been targeted. The same day, TRM Labs published its own assessment alleging that a group dubbed TraderTraitor—which TRM identified as an elite North Korean state-sponsored hacking group—was responsible for the Binance breach.
TRM Labs said it relied on an array of information to attribute the attack and made its investigative conclusions with high confidence. The company said several characteristics of the Binance hack match past cybersecurity incidents attributed to North Korea-linked actors….