North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds

What happened: North Korean hackers linked to the Binance theft are spreading stolen funds across thousands of wallets, while stablecoin issuers froze a large share of the haul. Key numbers: $6.43 billion stolen, about $2.85 billion (44%) frozen or seized, about 12,000 wallets on 11 blockchains in over 40,000 transactions in under four days, about $3.24 billion remains in linked addresses. Why it matters: Elliptic says the laundering is automated but not AI-driven, and expects a months-long cash-out through OTC brokers. Further freezes will be harder since ETH and Bitcoin cannot be frozen. Coverage: 8 outlets in 24h

North Korean hackers linked to the Binance theft are spreading stolen funds across thousands of wallets, while stablecoin issuers froze a large share of the haul.

Elliptic says the laundering is automated but not AI-driven, and expects a months-long cash-out through OTC brokers. Further freezes will be harder since ETH and Bitcoin cannot be frozen.