North Korean cryptocurrency thieves tricked a Binance software engineer into downloading malware onto their work-issued computer during a fake job interview process before last week’s record-breaking $6.3 billion heist.
In an incident report published on Tuesday, the cryptocurrency exchange said several techniques - including social engineering via fake job interviews, malware downloads, compromised internal AI tooling, endpoint takeover, and an “advanced transaction-authorization method” - led to the October 29 security breach.
“Our current investigation indicates that this was a sophisticated, multi-stage campaign,” the incident report said. “It was not a single isolated breach or a simple phishing incident.”
Over the weekend, the FBI attributed the theft to TraderTraitor, a North Korean hacking operation linked to Lazarus Group, known for combining espionage with massive cryptocurrency heists. The Pyongyang-backed crew is also highly adept at job market scams - both posing as IT workers, who are then hired by Western companies, and as potential employers to lure software engineers into downloading malware and infecting corporate devices.
Why is the FBI investigating? Bitcoin is deliberately untraceable (ish), private (ish), tax free currency, free from meddlesome government regulation and intererence. So why should tax funded law enfrcement for any country expend reaources investigating bitcoin related theft? These billionaires are all libertarians until they get fucked by hostile state actors and then it’s big government to the rescue.
Bitcoin is far from untraceable. In fact, it’s one of the most traceable currencies that’s ever existed.
After all, you can see exactly what address sent exactly what amount to exactly what other address. All you have to do is compromise the addresses and then you know the people. And KYC from Exchanges does an incredibly good job at that.
What do you mean by deliberately untraceable? It’s built upon a block chain ledger that tracks all transactions. I’m more amazed by those that are able to avoid tracing with this currency.
Crime is crime.