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Elliptic finds no proof of AI in North Korean hackers' Binance fund transfers

Analysis by Elliptic, who monitored numerous transactions, failed exchanges, and recurring movements, indicates that the perpetrators involved in the theft of Binance assets did not utilize…


Analysis by Elliptic, who monitored numerous transactions, failed exchanges, and recurring movements, indicates that the perpetrators involved in the theft of Binance assets did not utilize artificial intelligence agents, but rather depended on automated scripts.

This tracking effort by Elliptic covered thousands of transfers, failed swaps, and repeated transactions, leading to the conclusion that scripting was the operational methodology employed by the hackers.

The findings suggest that the actors responsible for the Binance fund theft relied on programmed routines instead of sophisticated AI entities.

This development contributes to the ongoing regulatory scrutiny concerning the sophistication of illicit financial activities within the digital asset ecosystem.

Earlier coverage

Reported by CoinDesk.

Topics: exchange.

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