❌WHY I'M NOT BUYING THE DIP AFTER THE $6.3B BINANCE HACK
everyone sees the red candles and wants to buy cheap
but there's something about this hack that most people are missing
TRM Labs believes North Korea's TraderTraitor, part of the notorious Lazarus Group, is behind it
yes, the same North Korean hackers linked to the $1.5B Bybit hack in 2025
Binance says roughly $3B has already been frozen
sounds good, right?
except the hackers still hold over 18,270 BTC and 420,000 ETH
around $2.4 BILLION in assets that stablecoin issuers can't simply freeze
remember what Lazarus did after the Bybit hack?
they stole mostly ETH and spent days converting it into BTC through THORChain
that meant buying BTC as part of the laundering process
this time they already have 18,270 BTC
they don't need to buy it first
and yes, they still need to launder those coins. regulated exchanges can trace their origin and block suspicious deposits
but that's exactly why this could take time
meanwhile, Binance is dealing with the aftermath of the biggest crypto hack ever
I'm not saying BTC has to dump another 20%
I'm saying there's potentially billions in stolen crypto that could create selling pressure, and we still don't know how this plays out
I'd rather miss the first bounce than rush into a market with this much uncertainty
$BTC $ETH $XAU
everyone sees the red candles and wants to buy cheap
but there's something about this hack that most people are missing
TRM Labs believes North Korea's TraderTraitor, part of the notorious Lazarus Group, is behind it
yes, the same North Korean hackers linked to the $1.5B Bybit hack in 2025
Binance says roughly $3B has already been frozen
sounds good, right?
except the hackers still hold over 18,270 BTC and 420,000 ETH
around $2.4 BILLION in assets that stablecoin issuers can't simply freeze
remember what Lazarus did after the Bybit hack?
they stole mostly ETH and spent days converting it into BTC through THORChain
that meant buying BTC as part of the laundering process
this time they already have 18,270 BTC
they don't need to buy it first
and yes, they still need to launder those coins. regulated exchanges can trace their origin and block suspicious deposits
but that's exactly why this could take time
meanwhile, Binance is dealing with the aftermath of the biggest crypto hack ever
I'm not saying BTC has to dump another 20%
I'm saying there's potentially billions in stolen crypto that could create selling pressure, and we still don't know how this plays out
I'd rather miss the first bounce than rush into a market with this much uncertainty
$BTC $ETH $XAU
