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

Publisher
Cointelegraph (News media)
Original
https://cointelegraph.com/interview/trm-labs-binance-hack-interview
Published
First seen
Last captured
Watched for edits
No

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Captured (UTC)Fetched viaHTTPRaw sha256Text sha256Text changed
firecrawl-web0820018dc6826e8a28665d24c6aefb8388c70b23e2658e74d3393e5402df4dbf58ce1f92be48aecbad94c8b57e7c7b1fec74bf31d27b4563dd4a994ffb2d5a7dcc436No

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Claims quoted from this source

ReportedresponseStatement 1807

Ari Redbord told Cointelegraph that the industry’s coordinated response to the attack was unprecedented.

Ari Redbord, TRM Labs’ global head of policy and government affairs, told Cointelegraph that although the industry’s coordinated response to the attack was unprecedented, “we are only going to see much more of this.”

Speaker
Ari Redbord
Publisher
Cointelegraph (News media)
Original
Binance hack is ‘cyber war,’ TRM Labs executive says
Captured
Stored copy
sha256 18dc6826e8a2
Published
ReportedresponseStatement 1810

Ari Redbord explained that the Beacon Network, an intelligence-sharing system TRM launched in 2025, allowed companies to coordinate quickly to immobilize the funds before working to seize them.

TRM’s Redbord explained that the Beacon Network, an intelligence-sharing system TRM launched in 2025, allowed companies to coordinate quickly to immobilize the funds before working to seize them.

Speaker
Ari Redbord
Publisher
Cointelegraph (News media)
Original
Binance hack is ‘cyber war,’ TRM Labs executive says
Captured
Stored copy
sha256 18dc6826e8a2
Published
ReportedresponseStatement 1811

Ari Redbord said: Normally I see a few Beacon alerts maybe every day. I’ve seen, I don’t know, hundreds or maybe even a thousand Beacon alerts over the last few days.

“Normally I see a few Beacon alerts maybe every day. I’ve seen, I don’t know, hundreds or maybe even a thousand Beacon alerts over the last few days,” he said.

Speaker
Ari Redbord
Publisher
Cointelegraph (News media)
Original
Binance hack is ‘cyber war,’ TRM Labs executive says
Captured
Stored copy
sha256 18dc6826e8a2
Published
ReportedamountStatement 1813

Ari Redbord noted that North Korea's Oct. 29 theft was equivalent to roughly a third of the country's GDP and accounted for half of the $12.5 billion stolen by state-backed hackers since 2017.

He noted that North Korea’s Oct. 29 theft was equivalent to roughly a third of the country’s GDP and accounted for half of the $12.5 billion stolen by state-backed hackers since 2017.

Speaker
Ari Redbord
Publisher
Cointelegraph (News media)
Original
Binance hack is ‘cyber war,’ TRM Labs executive says
Captured
Stored copy
sha256 18dc6826e8a2
Published
ReportedresponseStatement 1815

Ari Redbord argued that stopping such attacks requires offensive action from governments in response to North Korea's use of hackers operating as an arm of the state.

Redbord argued that stopping such attacks requires offensive action from governments in response to North Korea’s use of hackers operating as an arm of the state.

Speaker
Ari Redbord
Publisher
Cointelegraph (News media)
Original
Binance hack is ‘cyber war,’ TRM Labs executive says
Captured
Stored copy
sha256 18dc6826e8a2
Published