Cryptocurrency exchange scrambles to freeze affected assets, with about $3bn located so far, and says it will cover losses

Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far

The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.

Binance said it would cover all customer losses as it froze $3bn of the affected assets.

Analysts said the exchange had been subjected to an unprecedented attack with “never-seen-before” laundering patterns as the hackers made off with assets worth billions of dollars.

  • SpookyBogMonster@lemmy.mlEnglish
    131·
    5 天前

    North Korea is actually going through an economic boom right now, interestingly. And that new money flowing into the country is being put, in large part to the 20×10 policy, meant to develop regions outside Pyongyang over the next 10 years.

    So, while North Korea has a litany of problems, Kim Jong Un sitting on all that money like Smaug isn’t necessarily one of them. They are doing stuff with it.