Lazarus Group Likely Behind $6 Billion Binance Hack, Researchers Say

Binance hack — Security researchers have attributed a massive hack of cryptocurrency exchange Binance to the North Korean Lazarus Group.

The incident, which occurred on Thursday, resulted in the theft of nearly $6 billion worth of assets from the world’s largest crypto exchange. Blockchain intelligence firms investigating the attack have pointed to the notorious hacking collective, which is believed to be state-sponsored by North Korea.

The Lazarus Group has a long history of targeting the cryptocurrency industry, having been linked to several high-profile exchange hacks and thefts over the years. Their operations are often characterized by sophisticated techniques designed to launder stolen funds through complex blockchain transactions.

This latest attack marks one of the largest single thefts in the history of digital assets, highlighting the persistent threat posed by advanced, state-aligned cybercriminal organizations to the security of major crypto platforms.