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.”
Ari Redbord told Cointelegraph that the industry’s coordinated response to the attack was unprecedented.
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From this source: Binance hack is ‘cyber war,’ TRM Labs executive says, with all of its statements.
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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.
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.
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.
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.