Binance Reports Hackers Used Fake Job Interviews in Record Crypto Heist

Binance co-CEO Richard Teng announced that hackers infiltrated the cryptocurrency exchange's internal wallet infrastructure in an October 29 cyberattack resulting in the theft of $6.34 billion in digital assets.

Binance detailed in a preliminary report that attackers used a bogus job interview, malicious software, and a tampered developer tool downloaded in June to compromise two software engineers before accessing wallet authorization systems. In the wake of the breach, Binance customers withdrew $7.42 billion while depositing $2.7 billion, resulting in a net outflow of $4.7 billion.

Binance stated it has replenished 98% of the affected assets using company reserves and frozen approximately $3 billion of the stolen funds with assistance from industry partners like Tether, Circle, and Ripple. The Federal Bureau of Investigation attributed the operation to a North Korean hacking group known as TraderTraitor, prompting North Korean official Kim Yo Jong to dismiss the allegations as absurd rhetoric and a grave political provocation.