【North Korea denies hacking allegations, but on-chain laundering continues】
On November 3, North Korean official Kim Yo Jong denied via the Korean Central News Agency the FBI's allegations concerning the theft of $6.3 billion from Binance, calling them "absurd remarks" (reported by the BBC and Kyodo News). Meanwhile, according to Decrypt/Elliptic, the stolen assets have been dispersed across about 12,000 wallets and 11 blockchains, with around $2.85 billion frozen or seized. Elliptic is scheduled to publish a briefing on November 4.
Binance also said it had made up about 95% of the shortfall. The remaining 5% consists of less liquid smaller tokens and will take more time to address. After withdrawals resumed, net outflows totaled about $4.7 billion (according to Reuters).
Three reminders from an engineer's perspective:
1. Attribution involves both politics and forensics. Rely on on-chain evidence and official statements, and don't let emotions sway you.
2. When laundering addresses spread, be wary of transfers from unknown sources, and don't interact casually with unfamiliar addresses.
3. Regularly check wallet permissions, API keys, and the security of development machines. The incident reportedly began when an engineer's computer was compromised.
What do you think the final recovery rate will be? Join the discussion in the comments.
$BNB $BTC
#币安 #链上安全 #CryptoNews
DYOR, not investment advice
On November 3, North Korean official Kim Yo Jong denied via the Korean Central News Agency the FBI's allegations concerning the theft of $6.3 billion from Binance, calling them "absurd remarks" (reported by the BBC and Kyodo News). Meanwhile, according to Decrypt/Elliptic, the stolen assets have been dispersed across about 12,000 wallets and 11 blockchains, with around $2.85 billion frozen or seized. Elliptic is scheduled to publish a briefing on November 4.
Binance also said it had made up about 95% of the shortfall. The remaining 5% consists of less liquid smaller tokens and will take more time to address. After withdrawals resumed, net outflows totaled about $4.7 billion (according to Reuters).
Three reminders from an engineer's perspective:
1. Attribution involves both politics and forensics. Rely on on-chain evidence and official statements, and don't let emotions sway you.
2. When laundering addresses spread, be wary of transfers from unknown sources, and don't interact casually with unfamiliar addresses.
3. Regularly check wallet permissions, API keys, and the security of development machines. The incident reportedly began when an engineer's computer was compromised.
What do you think the final recovery rate will be? Join the discussion in the comments.
$BNB $BTC
#币安 #链上安全 #CryptoNews
DYOR, not investment advice