TRM Labs Policy Head: Governments Should Fight Back Against North Korean Hackers

TechFlow news, November 7, according to Cointelegraph, Ari Redbord, Head of Global Policy and Government Affairs at TRM Labs, said when discussing the Binance hack that governments should take offensive cyber operations against North Korean hackers and crack down on the money laundering networks and banks used by hackers to cash out.

Redbord said that although the industry's coordinated response to this incident was unprecedented in scale, he expects such attacks to increase further. He believes that as long as attacks remain profitable, North Korea will continue to carry them out, and called this confrontation 'cyber warfare'.

According to reports, TRM Labs had previously attributed the theft of about $6.3 billion from Binance to North Korean hacker groups; the firm said stablecoin issuers had collectively frozen about $2.67 billion worth of tokens.

Source: TechFlow