Binance $6.3B hack and North Korea
North Korea denies responsibility for the $6.3B Binance hack, while the FT reports that hackers are expected to take months to launder the funds.
What we know
WatcherGuru via an account on X relays Pyongyang's denial. @FT reports North Korean hackers are expected to take months to launder the stolen billions.
How the story developed
North Korea denies responsibility for the $6.3B Binance hack, while the FT reports that hackers are expected to take months to launder the funds.
Binance is phasing back withdrawals after a $6.4B hack attributed to North Korea, rolling out a user-appreciation campaign and PoR update while large traders reportedly pull funds.
The FBI reportedly identified North Korea as the perpetrator of the $6B+ Binance heist, and ZachXBT details an insider angle involving a DevOps engineer and a suspected DPRK spy.
The FBI attributes the ~$6B Binance theft to North Korea, while Trump says he is 'not concerned.' Onchain data shows the hacker used Aave to borrow ETH before freezes.
A massive Binance hack is being attributed to North Korea, and onchain data shows the hacker borrowed ETH against stolen USDT on Aave before freezes. North Korea says sanctions don't work.
The Binance hack has reignited debate about DeFi market structure — particularly Morpho Blue's isolated market design, which critics argue leaves lenders fully exposed with no circuit breakers.
Sources
“North Korean hackers expected to take months to launder stolen Binance billions”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.