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North Korea linked to $3 billion theft from Binance
Original: North Korea gets away with $3 billion from Binance
Reports claim North Korean hackers stole roughly $6.3 billion connected to Binance, with stablecoin issuers freezing about $2.4 billion of it. The remaining amount exceeds Binance's insurance fund, raising questions about whether users will be made whole and about the company's leadership, since the figure involved is far beyond what such funds typically cover.
Why now: The scale of the alleged theft and doubts about Binance's ability to reimburse users are fueling fresh scrutiny of crypto security and exchange governance.
BinanceNorth KoreaChangpeng Zhao
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Evidence
- North Korea gets away with $3 billion from Binance · Citation Needed
Stablecoin issuers froze about $2.4 billion of the roughly $6.3 billion stolen. The rest exceeds Binance’s insurance fund, and the man promising to make users whole isn’t supposed to be running the company.
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