North Korea’s $1.4B Bitcoin Haul From Binance Hack Remains Untouched

On Oct. 29, during the Binance hack, approximately 18,270.2 BTC worth $1.4 billion was stolen, with the Federal Bureau of Investigation (FBI) subsequently identifying the Democratic People’s Republic of Korea (North Korea) as the principal perpetrator. The stolen bitcoin remains untouched, dispersed across 19 separate wallets to this day. Unlike the other compromised assets, the bitcoin theft involved no Ethereum delegation exploit, while Bitcoin’s decentralized architecture leaves no central issuer capable of freezing the stolen funds. Once again, Pyongyang stands accused of orchestrating a $6.3 billion heist against the world’s largest cryptocurrency exchange by trading volume. Binance’s preliminary investigation suggested the intrusion originated from a compromised software engineer’s laptop. The breach subsequently provided attackers with an entry point into one of the exchange’s internal services.

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