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North Korea accused of getting away with $3 billion from Binance
Original: North Korea gets away with $3 billion from Binance
A widely shared report claims North Korean hackers made off with roughly $3 billion tied to Binance, part of a larger haul of about $6.3 billion in stolen crypto. Stablecoin issuers froze about $2.4 billion of the stolen funds, but the remainder reportedly exceeds Binance's insurance fund, raising questions about how users will be made whole and who is responsible for covering losses.
Why now: Claims that stolen funds exceed Binance's ability to reimburse users are fueling concern over exchange security and accountability.
North KoreaBinanceLazarus Group
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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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