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Binance’s $6.4 billion hack: the price of regulatory exit

The Future of Moneycrypto research regulation lab3h ago7/10

A look at the Binance hack response: a $2.8B freeze recovered, while $2.4B remains with the attacker beyond issuer reach, raising the regulatory-exit question.

#Security#Regulation
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  1. 1

    'Elite North Korean hackers' blamed for $6.3B Binance hack

    theguardian.com2d ago8/10

    Attribution of the $6.3B Binance hack to North Korean TraderTraitor hackers, the largest theft story of the moment.

    Also covered by Galaxy Research, bbc.com
    #Security
  2. 2

    Binance is investigating a major security incident that resulted in unauthorized withdrawals estimated to have a financial impact of about $6.3 billion, the cryptocurrency exchange said.

    r/CryptoCurrency2d ago8/10

    Binance reports a security incident with unauthorized withdrawals estimated at $6.3 billion.

    #Security#Markets
  3. 3

    18,270 BTC left a Binance hot wallet in one transaction, and no one can freeze it. Censorship resistance cuts both ways, and so does "not your keys"

    r/Bitcoin2d ago8/10

    On-chain tracing via TRM Labs shows 18,270 BTC left a Binance hot wallet in one transaction, and the BTC cannot be frozen, unlike stablecoins. A sharp look at censorship resistance.

    #Security#Bitcoin
Binance’s $6.4 billion hack: the price of regulatory exit · CryptoBloggers