Binance hackers raced to move billions before stablecoins could be frozen
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Attackers linked to the same North Korean hackers behind last month’s Bitget hack stole an estimated $6.3 billion from Binance starting at 8:04 pm UTC Thursday, converting USDT and USDC into Bitcoin and Ether. CertiK engineer Dickson Wu traced $500 million in USDT to one address and $325 million sold for ETH by 20:59 UTC as Tether and Circle blacklisted wallets. Binance said Friday about $3 billion of the $6.3 billion was frozen onchain while it works with law enforcement, issuers and blockchain analytics firms.
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