
Hacker attack on the Binance cryptocurrency exchange blamed on North Korean hackers
AI-generated summary
The attack on Binance began in June when an employee of the wallet development team downloaded a fake AI-based tool. The exchange detected the threat, replaced the tool and changed credentials, but the hackers had access to the login credentials of wallet team employees. In another thread, a job-seeking programmer downloaded a malicious code repository in September after interviewing with a fictitious company. On October 20, the attacker took control of the computers of two wallet team programmers, and on October 29, he used the stolen credentials to run a malicious script and withdraw $6.3 billion worth of cryptocurrencies.
In the document, the cryptocurrency exchange described in detail a sophisticated hacking operation, which culminated in the withdrawal of cryptocurrencies worth $6.3 billion on October 29, which is believed to be the largest theft in history.
Origin of the attack
Binance said the attack began when an employee of its wallet development team downloaded a fake artificial intelligence tool in June. The cryptocurrency exchange detected this, replaced the tool and changed the credentials, but the hackers were able to see the login credentials of this employee and other members of the wallet team.
Another programmer who was looking for a new job downloaded a "repository of malicious code" to his computer in September after interviewing for a position he believed was legitimate after a virtual meeting with the CEO of a fictitious company.
On October 20, the attacker used an infected computer and an internal artificial intelligence tool to take control of the system of a wallet developer and a second developer on that team.
On October 29, the attacker exploited the second developer's computer using the first developer's stolen credentials and ran a malicious script to carry out the attack.
North Korean hackers are blamed for the attack
The FBI accused a North Korean hacking group of carrying out the cyberattack, but North Korea rejected the allegations.
Binance said it would refund all customers who lost funds due to the attack.
AI outlook — possibilities, not facts
Binance will refund stolen funds to all affected customers
Very likely · Within weeks
The FBI will take further investigative action against the North Korean hacking group
Likely · Within weeks

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