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Crypto & Bitcoin

Binance hack is ‘cyber war,’ TRM Labs executive says

Reported by Isabelle Castro, Cointelegraph

Image: Cointelegraph

TRM Labs executive Ari Redbord called for governments to take offensive action against North Korean hackers following the record $6.3 billion Binance theft. The $6.3 billion Binance hack sent shockwaves through the crypto industry. Following a series of increasingly severe cybersecurity incidents, the attack on the world’s biggest crypto exchange demonstrated how far state-backed hackers can, and will, go. TRM Labs, a blockchain intelligence company, was on the front lines of efforts to stop the theft, releasing a report in its aftermath.

This is an excerpt. The reporting belongs to Cointelegraph.

Read the full report on cointelegraph.com

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