Hacking News
Binance Crypto Theft Laundering Update
Elliptic, a blockchain analytics firm, reported that around half of the $6.43 billion stolen from Binance last month has yet to be laundered, with $3.11 billion remaining in addresses linked to the theft. The stolen funds, mostly in ETH and Bitcoin, are likely still held by North Korea. About $2.85 billion has been frozen or seized, mostly stablecoins. The laundering process involves more than 20,000 wallets on 16 blockchains and has been highly complex and automated, with some funds being mixed and converted into Bitcoin through services like THORChain.