North Korea linked to $6.3 billion Binance crypto hack, withdrawals resume
Following the largest crypto heist in history where $6.3 billion was stolen from Binance on October 29, the FBI attributed the breach to North Korean hackers. Binance has since covered 95% of the stolen funds and resumed withdrawals, while authorities continue tracking laundering efforts involving Ethereum conversions.
Why it matters
This massive cybercrime highlights ongoing geopolitical risks in cryptocurrency security and the challenges exchanges face in safeguarding assets from state-backed hackers.
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