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BEARISH 55 Decrypt 2H ago · 1 min read

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

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

North Korean actors are laundering funds stolen from Binance through roughly 12,000 wallets, spinning up a new wallet about every 25 seconds. Of the $6.43 billion stolen, $2.85 billion has been frozen or seized, a far higher recovery rate than the roughly 3% seen in the Bybit hack. The automated, high-velocity laundering highlights persistent security and compliance risk for exchanges and could weigh on confidence in centralized platforms.

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Narrative history
44 linked stories · 13 outlets · since 29 Oct
  1. 2H AGO
    You’re reading this
    North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds
    Decrypt · Score 55
  2. 6H AGO
    Tether freezes over 4.5 million USDT tied to Mercado Bitcoin incident
    The Defiant · Score 55 · via USDT tied, Tether freezes
  3. 11H AGO
    FBI blames North Korea’s TraderTraitor for $6 billion Binance theft, lists wallets
    Unchained · Score 72 · via TraderTraitor, FBI
  4. 1 NOV · 17:54
    Is Coinbase Safe After the $6 Billion Binance Hack?
    BeInCrypto · Score 55 · via $6B Binance, $6B
  5. 1 NOV · 09:38
    Binance opens phase one withdrawals after $6.3B hack blamed on North Korea
    Cointelegraph · Score 85 · via North Korea, North
  6. 1 NOV · 03:15
    XRP Hit First in Binance Hack: Five Wallets Drained in About Four Minutes
    Bitcoin.com News · Score 78 · via $296M, $296M XRP
  7. 1 NOV · 01:10
    FBI ties $6 billion Binance hack to North Korea, urges DeFi to block BTC, ETH, SOL addresses
    CoinDesk · Score 78 · via hack North, North Korea
  8. 1 NOV · 00:30
    Trump says US probing $6.3B Binance hack as FBI blames North Korea
    Bitcoin.com News · Score 78 · via North Korea, North
  9. 31 OCT · 21:46
    FBI links $6 billion-plus Binance hack to North Korea as withdrawals stay paused
    The Defiant · Score 82 · via Korea withdrawals, hack North
  10. 31 OCT · 07:46
    Binance reserves $6.34B after hack, targets phased withdrawals
    crypto.news · Score 78 · via phased withdrawals, phased
  11. 31 OCT · 00:54
    Exchanges tighten security after reported $6.3 billion Binance hack
    Crypto Briefing · Score 85 · via $6.3B Binance, $6.3B
  12. 30 OCT · 22:42
    Why Bitcoin’s Next All-Time High Looks Distant After the Binance Hack
    BeInCrypto · Score 55 · via Binance Hack, $6.3B Binance
  13. 30 OCT · 21:08
    US probes $6B Binance hack as pressure builds for crypto regulation
    Crypto Briefing · Score 78 · via $6B Binance, $6B
  14. 30 OCT · 20:16
    Trump to review record $6.3 billion Binance hack as White House weighs in
    Crypto Briefing · Score 78 · via $6.3B Binance, $6.3B
  15. 30 OCT · 17:02
    Bitcoin Price Rebounds Above $77K, but Binance Hack Keeps Traders on Edge
    Bitcoin.com News · Score 85 · via Binance Hack, $6.3B
  16. 30 OCT · 16:54
    Ethereum draft lets wallets permanently disable EIP-7702 delegation
    The Defiant · Score 45 · via EIP-7702, EIP-7702
  17. 30 OCT · 16:53
    Binance’s record $6.3B hack: how the breach and full reimbursement unfolded
    Cointelegraph · Score 85 · via $6.3B hack, $6.3B
  18. 30 OCT · 16:45
    Gate CEO seeks crypto security alliance after $6.3B Binance hack
    Bitcoin.com News · Score 72 · via $6.3B Binance, $6.3B
  19. 30 OCT · 14:17
    EIP-7702 explained: the Ethereum upgrade behind the $6.4B Binance hack
    Decrypt · Score 55 · via $6.4B Binance, $6.4B
  20. 30 OCT · 14:13
    Analysts urge buying crypto stocks despite $6.3 billion Binance hack
    CoinDesk · Score 55 · via $6.3B Binance, $6.3B
  21. 30 OCT · 13:33
    Binance hack hits $6.3bn as Grok AI makes Bitcoin call
    CryptoNews · Score 78 · via $6.3bn, Binance hack
  22. 30 OCT · 13:11
    Binance working with FBI to recover assets following $6.3B hack
    Cointelegraph · Score 85 · via $6.3B, $6.3B hack
  23. 30 OCT · 12:15
    Binance buys back stolen altcoins with BTC and ETH after $6.3B hack
    crypto.news · Score 85 · via $6.3B, hack
  24. 30 OCT · 11:51
    Here’s how big bitcoin traders responded after the Binance hack hit
    CoinDesk · Score 25 · via Binance hack, hack
  25. 30 OCT · 11:29
    Bitcoin price metrics hint at rebound as $1.6B liquidations follow Binance hack
    Cointelegraph · Score 85 · via Binance hack, $6.3B Binance
  26. 30 OCT · 11:09
    Crypto liquidations jump to $1.57 billion as Binance hack sends bitcoin, ether lower
    CoinDesk · Score 85 · via Binance hack, hack
  27. 30 OCT · 11:00
    EIP-7702 not the cause of Binance hack but may have amplified losses, experts say
    Cointelegraph · Score 55 · via EIP-7702, EIP-7702
  28. 30 OCT · 09:45
    Binance puts hot-wallet losses at $6.3 billion, blames laptop and North Korea
    Unchained · Score 82 · via North Korea, TRM
  29. 30 OCT · 09:31
    Binance Finds ‘Additional Points of Breach’ in $6.3B Hack
    Decrypt · Score 85 · via Teng, one-click
  30. 30 OCT · 09:31
    Unit Delays All Deposits and Withdrawals After Binance Breach
    The Defiant · Score 72 · via Binance Breach, Withdrawals
  31. 30 OCT · 08:36
    Live News: Binance hack rattles crypto as Intel plunges and AI spending fears hit tech
    CoinDesk · Score 85 · via Binance hack, $6.3B Binance
  32. 30 OCT · 08:26
    Binance breach not a one-click attack, Teng says as withdrawals stay paused
    The Defiant · Score 72 · via withdrawals stay, withdrawals
  33. 30 OCT · 07:33
    Why is Bitcoin price falling today as Binance hack triggers $1.5B liquidations?
    crypto.news · Score 85 · via Binance hack, hack
  34. 30 OCT · 06:47
    Lazarus Group suspected in $6.3 billion Binance hack as issuers freeze assets
    crypto.news · Score 92 · via Binance hack, $6.3B
  35. 30 OCT · 05:51
    North Korea’s TraderTraitor tied to $6.3B Binance hack, TRM Labs says
    Cointelegraph · Score 72 · via North Korea, North
  36. 30 OCT · 05:40
    Binance hack began with $296 million XRP drain after 36-hour preparation
    CryptoSlate · Score 85 · via TRM, TRM Labs
  37. 30 OCT · 05:08
    Binance Reveals When It Will Resume Withdrawals After Historic Hack
    U.Today · Score 85 · via $6.3B Hack, Hack
  38. 30 OCT · 04:51
    Chainalysis ties $6.4 billion Binance hack to North Korea as withdrawals stay shut
    The Defiant · Score 82 · via North Korea, North
  39. 30 OCT · 04:30
    Arkham pegs Binance hack at $6.01 billion with $2.9 billion still movable
    The Defiant · Score 85 · via Binance hack, hack
  40. 30 OCT · 04:00
    $6 billion Binance hack sends bitcoin and ether tumbling as Standard Chartered warns of more pain
    CoinDesk · Score 88 · via Binance hack, $6.3B Binance
  41. 29 OCT · 23:50
    Tether, Circle, Ripple freeze $2.6 billion as Binance hack outflows near $6 billion
    CryptoSlate · Score 85 · via $6B, Binance hack
  42. 29 OCT · 23:06
    Bitcoin falls below $79,000 as Binance loses $5.8 billion in massive hack
    Bitcoin Magazine · Score 95 · via hack, suspected Binance
  43. 29 OCT · 21:36
    Tether freezes over $1.567 billion in USDT tied to suspected Binance hack
    Crypto Briefing · Score 72 · via Binance hack, freezes
  44. 29 OCT · 21:23
    Tether freezes $971M USDT tied to suspected Binance hack, raising security concerns
    Crypto Briefing · Score 78 · via Binance hack, freezes
  45. 29 OCT · 21:12
    Potential multi-billion Binance hack hitting crypto markets
    CoinDesk · Score 85 · via Binance hack, hack
Most read · 72h