The FBI says North Korean hackers stole over $6 billion from Binance. The exchange has resumed withdrawals, but roughly half of the stolen funds have yet to be recovered.
The FBI attributed the attack to a North Korean group called TraderTraitor. Since resuming operations, Binance has processed $4.65 billion in withdrawals and $1.01 billion in deposits. Elliptic says about $3.24 billion remains in linked addresses, while $2.85 billion has been frozen or seized. Some funds have already entered mixers.
Why it matters
This is no longer just about one exchange. A state-sponsored hacking group has shown it can drain the hot wallet of the world’s largest exchange and start laundering the money within days. Resuming withdrawals was the easy part. Recovering the funds is a race against the mixers.
Custody is just a promise—and this week, it was put to the test.
4 more stories worth a look:
🔹 Hong Kong tests round-the-clock settlement and stablecoins
→ Banks that close at 5 p.m. are starting to look like a bug.
🔹 Perpetual DEX security: Can users exit on their own?
→ If withdrawals still require someone’s approval, the money isn’t really in your hands.
🔹 MIT Technology Review: The agent internet is here
→ Soon, the next visitor to your website might not be human.
🔹 Ethereum projects are moving back to L1
→ Taking the detour through rollups is getting more expensive.
One story, explained in depth every day. Follow Dongye, and see you tomorrow.
#AI #Web3 #币安已处理46.5亿美元提款
The FBI attributed the attack to a North Korean group called TraderTraitor. Since resuming operations, Binance has processed $4.65 billion in withdrawals and $1.01 billion in deposits. Elliptic says about $3.24 billion remains in linked addresses, while $2.85 billion has been frozen or seized. Some funds have already entered mixers.
Why it matters
This is no longer just about one exchange. A state-sponsored hacking group has shown it can drain the hot wallet of the world’s largest exchange and start laundering the money within days. Resuming withdrawals was the easy part. Recovering the funds is a race against the mixers.
Custody is just a promise—and this week, it was put to the test.
4 more stories worth a look:
🔹 Hong Kong tests round-the-clock settlement and stablecoins
→ Banks that close at 5 p.m. are starting to look like a bug.
🔹 Perpetual DEX security: Can users exit on their own?
→ If withdrawals still require someone’s approval, the money isn’t really in your hands.
🔹 MIT Technology Review: The agent internet is here
→ Soon, the next visitor to your website might not be human.
🔹 Ethereum projects are moving back to L1
→ Taking the detour through rollups is getting more expensive.
One story, explained in depth every day. Follow Dongye, and see you tomorrow.
#AI #Web3 #币安已处理46.5亿美元提款
