On Oct. 29, during the Binance hack, approximately 18,270.2 BTC worth $1.4 billion was stolen, with the Federal Bureau of Investigation (FBI) subsequently identifying the Democratic People’s Republic of Korea...
Summary
- The stolen bitcoin remains untouched, dispersed across 19 separate wallets to this day.
- Unlike the other compromised assets, the bitcoin theft involved no Ethereum delegation exploit, while Bitcoin’s decentralized architecture leaves no central issuer capable of freezing the stolen funds.
- Key Takeaways The Binance hack raises new questions about North Korea’s expanding cryptocurrency operations.
- Onchain evidence reveals an unusual pattern behind the bitcoin stolen during the attack.
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