North Korea blamed for crypto heist

The FBI said that North Korea was responsible for stealing $6.3 billion from Binance last week in the largest-ever crypto heist, dealing a blow to the sector’s dream of becoming a mainstream asset. The FBI said that North Korea was responsible for stealing $6.3 billion from Binance last week in the largest-ever crypto heist, dealing a blow to the sector’s dream of becoming a mainstream asset. The incident follows other notable crypto thefts linked to Pyongyang, which devotes state resources to cultivating hackers, many of whom are China-based, to fuel an economic renaissance: North Korea’s economy expanded 3.7% in 2024, the fastest rate in eight years, driving a construction boom that’s visible from space. AI threatens to supercharge North Korea’s cyber activities, an expert told the Financial Times: “AI has given hackers wings. The gates of hell have opened because North Korea has such a strong determination to carry out these attacks.”