- cross-posted to:
- world@quokk.au
- cross-posted to:
- world@quokk.au
Binance exchange says it will cover customer losses as it scrambles to freeze affected assets, with about $3bn located so far
The world’s largest cryptocurrency exchange has been hit by a record $6.3bn (£4.7bn) hack described as the biggest heist in history, with experts identifying North Korea as the likely culprit.
Binance said it would cover all customer losses as it froze $3bn of the affected assets.
Analysts said the exchange had been subjected to an unprecedented attack with “never-seen-before” laundering patterns as the hackers made off with assets worth billions of dollars.
so their going to feed their population with the money right?
North Korea is actually going through an economic boom right now, interestingly. And that new money flowing into the country is being put, in large part to the 20×10 policy, meant to develop regions outside Pyongyang over the next 10 years.
So, while North Korea has a litany of problems, Kim Jong Un sitting on all that money like Smaug isn’t necessarily one of them. They are doing stuff with it.
they’re*
How is this so hard to get right?
thumb swiping to type is fought with peel
Probably autocorrect. How is that so hard to understand?
i say op spelt it that way because there some kind of sasquatch or yeti
edit: maybe a wookey
No, they’re going to use it to buy parts for weapons and other sanctioned stuff. It’s already dark web currency.
Their population is already fed decently. This will be used on infra most probably.