“Early on October 29, the operator deployed a first piece of code for the attack and tested it on two wallets,” TRM says. “Later that day, it rehearsed the final version on a third wallet, then routed the test funds back to itself. Four hours after that rehearsal, the same code was installed on a Binance hot wallet.”
TRM Labs stated that the attacker deployed code and tested it on wallets early on October 29 before installing it on a Binance hot wallet four hours later.
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Tom Robinson of Elliptic stated that the remaining $3.3 billion is mostly Bitcoin, Ether, and XRP, which cannot be frozen.
“The remaining $3.3 billion is mostly Bitcoin, Ether, and XRP, which no one can freeze,” Robinson says.
Tom Robinson of Elliptic stated that Binance says the attack began with a compromised engineer's laptop, which is a hallmark of TraderTraitor.
“Binance says the attack began with a compromised engineer’s laptop. Targeting crypto company staff is a TraderTraitor hallmark,” Elliptic’s Robinson says.
Tom Robinson of Elliptic stated that North Korea is likely responsible for the hack.
“We think North Korea is likely responsible,” Tom Robinson, chief scientist and cofounder of Elliptic, tells WIRED.
WIRED reported, before the FBI statement, that neither Binance nor law enforcement officials had named suspected links to North Korean hackers.
Neither Binance nor law enforcement officials have named any suspected links between the attack and North Korean hackers.
WIRED reported, citing TRM Labs, that the majority of the stolen crypto was taken in around 20 minutes on 29 October.
The majority of the stolen crypto was taken in a period of around 20 minutes on October 29, according to analysis by crypto tracing firm TRM Labs.