North Korean Hackers Face Month-Long Laundering Process Following Record $6.3 Billion Binance Heist
6 Articles
6 Articles
(Seoul = Yonhap News) Reporter Lee Ji-heon = It will take more than several months for North Korean hackers to launder the trillions of won worth of cryptocurrency stolen from the cryptocurrency exchange Binance...
After stealing more than $6 billion from Binance, North Korean hackers multiply transactions to launder their loot. Eric Jardine, research director at Chainalysis, decrypts for Cryptoast an operation of an unprecedented magnitude, which could last several years. Read more Binance Hack: how North Korea is trying to launder the billions of dollars stolen appeared first on Cryptoast.
North Korean Hackers Face Month-Long Laundering Process Following Record $6.3 Billion Binance Heist
Following the historic $6.3 billion security breach on cryptocurrency exchange Binance, intelligence and blockchain tracking firms note that billions remain under the control of hackers linked to North Korea. Industry analysts project that laundering the massive cache of stolen digital tokens will take months, requiring attackers to break funds down into smaller fractions and route […]
The tokens are found in public blockchains and have been fragmented into small amounts to prevent them from being tracked, according to experts. Read
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