Binance called its 6.3 billion dollar cryptocurrency theft history's largest crypto heist
Binance said hackers stole $6.3 billion in cryptocurrency on October 29, calling it the largest cryptocurrency heist in history. Business Insider reported that attackers spent months preparing, using fake AI coding tools, bogus job openings and sham interviews to compromise engineers’ work computers. The FBI said North Korean hackers were behind the theft; North Korea denies involvement. Binance’s findings remain preliminary.
More context
The exchange said the $6.3 billion cryptocurrency theft on October 29 followed months of preparation, and called it history’s largest crypto heist. The attackers used fake versions of AI coding tools, bogus job openings and sham interviews, according to a Business Insider report. They compromised several engineers’ work computers and accessed systems connected to the company’s cryptocurrency wallets.
Binance chief executive Richard Teng called the incident the result of a months-long campaign and one of the most sophisticated attacks in the digital asset industry’s history. The bureau attributed the theft to North Korean hackers, a claim Pyongyang rejects.
Binance said its findings remain preliminary and that it plans to bring in independent cybersecurity specialists to examine the attack. The exchange also plans to increase investment in AI-powered threat detection and establish a blockchain security research fund with AI companies.
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NEWS.am TECH reports that Binance said the attackers spent months preparing the $6.3 billion heist, matching the central claim and current timing. Its account cites Business Insider.