North Korea-linked SquidSquad suspected in $2.84M BNB Chain theft

An institutional cryptocurrency holder has reportedly lost approximately $2.84 million in a suspected attack by North Korea-linked hacking group SquidSquad. Summary An institutional cryptocurrency holder reportedly lost approximately $2.84 million in an October 8 attack on BNB Chain. On October 20, the attacker reportedly deposited 1,111.2 ETH into Tornado Cash before withdrawing the funds to three Ethereum addresses and subsequently transferring them to Tron through USDT0. ZachXBT identified two Tron wallets that received the funds and had exposure to previously attributed North Korean addresses. The identity of the affected institution and the method used to compromise its assets remain undisclosed. Blockchain investigator ZachXBT disclosed the suspected theft on October 21, identifying October 8 as the date of the incident on BNB Smart Chain and detailing a series of transactions that allegedly moved the proceeds through several wallets before they reached Chinese over-the-counter cryptocurrency dealers. According to the investigator, the latest activity took place on October 20, when the attacker deposited 1,111.2 ETH into Tornado Cash and subsequently withdrew the funds to thr...