Binance hackers used fake job interview to compromise computer before $6.3 billion attack
- Binance reported hackers stole $6.3 billion in what could be the largest-ever financial heist. Attackers compromised internal systems to seize control of the crypto exchange's digital wallets on October 29.
- The sophisticated operation began in June when a wallet developer downloaded a tampered AI-enabled tool. Attackers later targeted a second engineer using a "malicious code repository" disguised as a legitimate job opportunity.
- On October 20, attackers used compromised devices to gain control of wallet developer systems; the theft followed nine days later. The FBI has blamed a North Korean hacking group for the attack, a claim North Korea has rejected.
- Binance committed to repaying all affected customers. Co-Chief Executive Officer Richard Teng apologized, stating, "This should not have happened, and we apologize for the concern, disruption and uncertainty it caused our users, partners and the wider industry."
- The exchange is now increasing investment in AI-enabled detection to prevent future breaches. Binance is also establishing a security research fund and launching targeted initiatives with leading technological companies.
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Binance's logo is seen on a smartphone on February 28, 2023 in Marple Township, Pennsylvania. Matt Slocum/AP Binance announced on Tuesday (03) that hackers used a fake job interview to compromise a computer and an internal artificial intelligence tool to gain control over the company's portfolios before the company's $6.3 billion cryptocurrency theft. In an initial report on what went wrong, the world's largest cryptocurrency broker detailed a s…
Binance says North Korean hackers conducted fake job interviews to hack engineer’s laptop in $6.3B heist
Binance said Tuesday that North Korean hackers posed as a fake company to conduct phony job interviews with an engineer, hack into his computer and carry out a $6.3 billion hack in what experts have called the largest bank heist in history.
They employed social engineering techniques - including fake job interviews - and malicious software
Binance says North Korean hackers stole $6.34 billion funds in a technical breach
Binance reported a cyberattack attributed to North Korea that compromised $6.34 billion in digital assets. Approximately $2.85 billion of the affected assets have since been frozen or intercepted. The attackers utilized fake job interviews and advanced malware to breach Binance's security systems. Subsequently, the company took steps to replenish the lost assets and mitigate the damage caused.
The cyberattack had already begun in June, the company explained in an analysis of the events on Tuesday. After the attack, Binance ran away customers in droves.
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