North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
Summary
Investigators have successfully frozen nearly half of the massive cryptocurrency funds stolen from Binance during a major cyberattack. Meanwhile, the perpetrators are rapidly laundering the remaining assets by transferring the digital currency through thousands of newly created cryptocurrency wallets using automated systems.
$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.
Source: Read the full story at Decrypt
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