North Korea just denied having anything to do with Binance's $6.3 billion hack and shifted the blame to the US.
Seriously? Do you actually believe that...?
If it was any other country, there would still be some hope of recovering the funds. But when the hackers turn out to be North Korean, that's when a project loses all hope.
Why? Because when North Korea steals from you, there is absolutely NOTHING you can do.
Look at the proof:
Last year's Bybit hack - recovery rate was only 5%. Just 5%.
Other projects also traced their hacks to North Korean hackers, issued arrest warrants, offered rewards - all useless.
North Korea's denial is just sophistry. Their hackers don't attack directly from North Korea. They use multiple layers of proxy servers. Many of them even have day jobs and hack at night.
But one thing is undeniable: North Korean hackers are trained with state backing.
So the question is - If exchanges can't stop them, and no one can recover funds, are our funds really SAFU on CEX?
What do you think? Should we move everything to cold wallet?$BTC
