Bonanza Factory “Binance hacking is likely to be the work of a North Korean-linked organization”

As a result of on-chain analysis, the funds stolen from Bitget were mixed at the ‘same address’.

(Seoul = Yonhap News) Reporter Park Soo-hyun = An analysis by a domestic company suggests that the incident in which 8 trillion won worth of funds were stolen from Binance, the world's largest virtual asset exchange, may have been caused by North Korea.

Bonanza Factory, a blockchain compliance company, announced on the 30th that it had confirmed this possibility by analyzing an incident worth $6.3 billion (approximately 8.4 trillion won) that occurred at Binance.

Bonanza Factory explained that it had confirmed on-chain that the funds stolen from Binance were mixed from the same address as the funds stolen from the virtual asset exchange Bitget last month.

As the Bitget hack was previously attributed to the North Korean hacking organization TradeTrator, analysis suggests that this incident may also be the work of a North Korean-linked organization.

However, he added that there was no official announcement from Binance regarding the involvement of a North Korean hacking organization.

A Bonanza Factory official said, “We will continue to disclose the analysis results of major virtual asset hacking incidents through ‘Black Paper,’ an artificial intelligence (AI)-based real-time tracking service.”