The $3 billion that’s frozen is on the books. What can’t be frozen is off the books.
The figure Binance gave on October 30 changed.
The total stolen is no longer an estimate: the official figure is about $6.3 billion.
About $3 billion has been frozen.
The most striking item in the gap is Bitcoin.
18,270 BTC, worth about $1.4 billion.
By the early hours of October 30, those coins had been split across 19 wallets.
Not a single coin had moved, and no one could freeze them.
Stablecoins can be frozen at the issuer’s touch of a button. Bitcoin has no such switch.
The lead in Binance’s preliminary investigation had also changed.
It wasn’t a leaked wallet private key.
An engineer’s laptop was compromised, the attacker got into a service container, and then submitted unauthorized withdrawals.
TRM Labs’ assessment on October 30: North Korean hacking group TraderTraitor, with high confidence.
Binance itself hasn’t named anyone yet, saying a detailed postmortem will be published later.
CoinDesk data from the morning of October 30 showed BTC at about $77,400, after briefly testing $76,000 intraday.
There’s a path to compensation for funds that can be frozen.
For the 19 wallets that can’t be frozen, no one has mapped out a path yet.
How will the market react on the first day these 18,270 BTC move?
Just a personal opinion, not investment advice.
#币安63亿被盗 $BTC
The figure Binance gave on October 30 changed.
The total stolen is no longer an estimate: the official figure is about $6.3 billion.
About $3 billion has been frozen.
The most striking item in the gap is Bitcoin.
18,270 BTC, worth about $1.4 billion.
By the early hours of October 30, those coins had been split across 19 wallets.
Not a single coin had moved, and no one could freeze them.
Stablecoins can be frozen at the issuer’s touch of a button. Bitcoin has no such switch.
The lead in Binance’s preliminary investigation had also changed.
It wasn’t a leaked wallet private key.
An engineer’s laptop was compromised, the attacker got into a service container, and then submitted unauthorized withdrawals.
TRM Labs’ assessment on October 30: North Korean hacking group TraderTraitor, with high confidence.
Binance itself hasn’t named anyone yet, saying a detailed postmortem will be published later.
CoinDesk data from the morning of October 30 showed BTC at about $77,400, after briefly testing $76,000 intraday.
There’s a path to compensation for funds that can be frozen.
For the 19 wallets that can’t be frozen, no one has mapped out a path yet.
How will the market react on the first day these 18,270 BTC move?
Just a personal opinion, not investment advice.
#币安63亿被盗 $BTC
