The Federal Bureau of Investigation (FBI) identified the hackers in the recent theft of $6.3 billion in Binance cryptocurrency as “TraderTraitor.” The hackers are based in North Korea, tying the largest cryptocurrency theft in history to the regime in Pyongyang.
The FBI reported that, along with the U.S. Secret Service and the Internal Revenue Service (IRS) Criminal Investigation, the hackers were converting the stolen assets into Ethereum (ETH). Federal officials expect the assets will be laundered further through decentralized finance (DeFi) and cryptocurrency exchange services.
Government authorities have urged cryptocurrency exchanges, blockchain analytics firms, and other digital asset service providers to block transactions linked to the wallet addresses of the stolen funds to prevent further laundering action.
Binance reported that 90 percent of the stolen assets had been covered, and that major cryptocurrencies were fully backed.
As the Lord Leads, Pray with Us…
- For FBI officials as they work with the Secret Service and IRS Criminal Investigation to prevent the laundering of the stolen digital assets.
- For President Trump and members of his administration as they address the North Korean hackers.
Sources: Fox Business, Just the News, OANN
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