- The FBI announced that North Korean hacker group TraderTraitor was behind the $6.3bn Binance cryptocurrency theft, the largest financial heist in history.
- Investigators revealed that the hackers are converting stolen assets primarily into ethereum and attempting to launder funds using instant swap services.
- Binance assured users that all customer losses will be fully reimbursed using company funds and reserves, with trading due to resume within days.
- Binance co-chief executive Richard Teng described the breach as a complex attack involving a compromised laptop, evidence-deleting malware and manipulated approval controls.
- Cryptocurrency markets fell following news of the attack, with bitcoin dropping to a six-week low and shares in major crypto-related firms sliding.
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