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Max reports that Binance’s hot wallets lost assets across several chains, including 18,270 BTC, in the largest exchange hack discussed. Binance said the losses were covered by its SAFU fund and company funds; the FBI attributed the attack to North Korea.
The FBI attributed a $6.34 billion Binance hot-wallet theft to North Korea; Binance said it would cover the loss, published reserves near the full amount, and used its balance sheet and insurance fund to replace the missing assets.
North Korean hackers reportedly routed stolen assets through THORChain, converting tokens including TRX and SOL into Bitcoin and Ether; the FBI explicitly urged THORChain node operators and other service providers not to process related transactions.
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