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North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds

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Decrypt
By Decrypt Staff
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North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
Photo / Coverage: DecryptCredit: Decrypt Staff
EXECUTIVE SUMMARY

$2.85 billion of the $6.43 billion stolen from Binance has been frozen or seized, compared with about 3% in the Bybit hack, as North Korea’s automated laundering spans 12,000 wallets.

Key Takeaways

  • North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds.
  • $2.85 billion of the $6.43 billion stolen from Binance has been frozen or seized, compared with about 3% in the Bybit hack, as North Korea’s automated laundering spans 12,000 wallets.
  • $2.85 billion of the $6.43 billion stolen from Binance has been frozen or seized, compared with about 3% in the Bybit hack, as North Korea’s automated laundering spans 12,000 wallets.

$2.85 billion of the $6.43 billion stolen from Binance has been frozen or seized, compared with about 3% in the Bybit hack, as North Korea’s automated laundering spans 12,000 wallets.

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