4 things Trump said about the $6.3 billion Binance hack—the biggest hack in crypto history:
1. He questioned the FBI:
The FBI officially said on Saturday: North Korea was behind the theft, carried out by the TraderTraitor / Lazarus Group.
Trump responded from Mar-a-Lago at a Halloween party:
"I'm not concerned. We're learning about it. We don't know if it's North Korea" 5c52
Meaning: "I'm not worried. We're learning about it; we don't know if it's North Korea."
2. He said he'd talk to Korea if it was them:
Saturday at the Oval Office:
"We don't know if it's North Korea — but if it is, we'll talk to North Korea about it" 5751
3. He defended Binance a bit:
"Well, they say they're gonna get it back, and they're guaranteeing it or something. They are."
So he trusts that Binance will return the money. bcfd
4. He criticized crypto:
He compared the theft to old-fashioned checks:
"These are different people, never see the money anymore" and "I've always felt it was a little bit dangerous" 9dc1
The reality:
Binance said it had recovered 90% by Saturday and 95% by Sunday, and put up $6.34B of company funds to cover the loss
The theft happened in 20 minutes across 10 blockchain networks
The FBI + Secret Service + IRS are looking for the funds that were converted to ETH 5c52#tapswapwithdraw #Tramp
