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		</div><p><strong>A North Korean hacking intelligence firm was likely behind the theft of more than six billion dollars on the world’s biggest cryptocurrency exchange, Binance, a US-based blockchain intelligence firm has said</strong></p>
<p>Blockchain analytics firms and security analysts have attributed the attack with high confidence to Trader Traitor also known as the Lazarus Group, a state-sponsored North Korean cybercrime syndicate previously linked to other major heists like the Bybit attack</p>
<p>Around $6.3 billion to $6.4 billion in cryptocurrency was drained from Binance hot wallets across ten different blockchains (including Ethereum, Bitcoin, Tron, Solana, and XRP Ledger). </p>
<p>Attackers reportedly compromised a developer&#8217;s laptop and abused an Ethereum multi-signature protocol feature (EIP-7702), turning hot wallets into automated sweepers that funneled incoming and existing funds to attacker-controlled addresses. </p>
<p>Binance co-CEO Richard Teng says:</p>
<p>Customer accounts and direct user holdings were not accessed. Binance pledged to cover all losses from its own reserves.</p>
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