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Parent Post: the largest bank heist in human history
babyvaso
·
10/30/2026, 2:09:47 PM
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A Too Long Didn't Read Version Of This Article "According to TRM Labs, a blockchain intelligence firm that tracks the industry, an elite North Korean hacking unit called TraderTraitor was responsible for the theft - and it was completed in just 20 minutes." "Richard Teng, the co-CEO of Binance, said the company's "initial investigation suggests this security incident may have started with a compromised DevOps engineer's laptop"." He explained the attacker was able to move billions of dollars across eight blockchain networks in about 15 minutes - and the TraderTraitor group has also been linked to the Bybit hack by the FBI. "Unlike banks, however, when these systems get hacked or become insolvent, there is no recourse to a lender of last resort or deposit insurance fund. Depositors are on their own."
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