Binance Reveals Hack Tactics

It's Benzinga, bringing Wall Street to Main Street. Binance says hackers used fake job interviews, malicious software, and compromised internal AI tools to steal more than $6 billion in cryptocurrency during an October 29 cyber attack, according to CNBC. Co-CEO Richard Tang said the attackers spent months infiltrating the exchange's wallet infrastructure. The hackers first targeted an engineer in June with a fake developer tool. In September, they posed as recruiters and used a coding exercise to install malware on another engineer's device. Tang did not blame North Korea for the attack, but acknowledged that the FBI linked it to North Korean hackers associated with the Traitor Trader group. Tang said Binance has replenished 98% of the $6.34 billion in affected assets. The exchange has also rebuilt its wallet system, replaced compromised devices, and pledged to cover all customer losses. For all things money, visit Benzinga.com.