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The Binance crypto heist investigation

The FBI has linked a $6.3 billion cryptocurrency theft from Binance to North Korean hackers, raising concerns for UK financial institutions handling digital assets.

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What is going on

  • The FBI has attributed a $6.3 billion cryptocurrency heist at Binance to North Korean hackers.
  • Over 600 addresses have been flagged as connected to the theft, with the Secret Service alleging the hackers stole $6.3 billion from the exchange.
  • Binance is working to replace stolen funds as customers withdraw billions and hackers attempt to liquidate their holdings.
  • What to watch: Further details on how the hackers accessed Binance systems and the extent of funds still in circulation could change the investigation's direction.

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