Binance Attempts to Recover $6.3 Billion Stolen in Hack Linked to North Korea

Crypto giant Binance is attempting to recover $6.3bn stolen in a hack linked to North Korea, BBC News reported. The outlet said the company describes the cyber-attack as complex, and that the theft is believed to be the largest ever of its kind.

Axios reported, in an article by Sam Sabin, that "The world's biggest crypto heist" is the latest feat by North Korean hackers who have spent years building an arsenal of financial theft, social engineering and sophisticated cyberattacks.

According to the same Axios summary, the suspected North Korean hackers behind the $6.3 billion Binance theft appear to have combined familiar hacking tactics with extraordinary speed and automation. Axios said this raises fresh questions, though the summary does not specify what those questions are.

The two reports differ in how they attribute the hack. BBC News links it to North Korea, while Axios refers to suspected North Korean hackers. Both reports put the amount at $6.3 billion, with the BBC using the abbreviated form 6.3bn.

Neither summary states how much of the stolen money Binance has recovered, and the available excerpts do not describe the methods the company is using in its effort to recover the funds. Each summary is an abbreviated version of its full report, so details beyond these excerpts are not confirmed here.

Sources: BBC News: Crypto giant Binance attempting to recover $6.3bn stolen in hack linked to North Korea; Axios: How North Korea perfected the crypto heist.