2 Reasons Custodia CEO Thinks the $6B Binance Hack Changes Crypto

North Korean hackers stole more than $6 billion from Binance, the FBI said, the biggest crypto theft ever. Nearly half is now frozen, mostly by the companies behind two digital dollars. Custodia Bank CEO Caitlin Long says that changes crypto in two ways. Hacks now carry geopolitical stakes. And regulators may want freeze rules written into those tokens themselves. 1. Crypto Hacks Now Carry Geopolitical Stakes The FBI pinned the October 29 attack on TraderTraitor, its name for a North Korean state hacking unit. It asked crypto firms to block any money linked to the hackers. Long wrote that the attack is “ bound to have big geopolitical implications .” In 2023, a White House cyber official said such thefts funded about half of North Korea’s missile program, according to…

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