TLDR Crypto · MARKETS & BUSINESS

KIM JONG-UN'S SISTER REJECTS NORTH KOREAN LINKS TO $6B BINANCE HACK

links.tldrnewsletter.com3 min read

Summary from the TLDR Crypto newsletter

Kim Yo-jong, a senior North Korean official, rejected the FBI's assessment, saying the FBI is trying to brand the country a “cyber criminal state.” Three firms, including TRM Labs, and the FBI over the weekend attributed the hack to North Korean actors. TRM says the attacker tested code on three wallets, then used EIP-7702 to turn a Binance hot wallet into a sweeper, with 50 pre-signed authorizations so one would stay valid. Earlier Monday, Binance published its first proof of reserves and said it replenished about 95% of affected assets with its own funds.