North Korean hackers expected to take months to launder billions stolen from Binance

Summary

North Korean hackers are expected to take months to launder the billions of dollars stolen from Binance, the Financial Times reports. The stolen tokens are visible on public blockchains and have been split into small packages in an attempt to stop them being traced, experts say. TechCrunch reports that cybersecurity experts had long warned of the persistent and patient threat from North Korea's long-running hacks, and that the world's largest crypto exchange was still caught off-guard by the record $6.3 billion heist.

Timeline

1. Financial Times

   3 Nov 2026, 05:00 UTCSource ↗

   Reports that North Korean hackers are expected to take months to launder the billions stolen from Binance, because the tokens are visible on public blockchains and have been split into small packages to stop them being traced, experts say.

2. TechCrunch

   3 Nov 2026, 19:45 UTCSource ↗

   Reports that cybersecurity experts had long warned of the persistent and patient threat from North Korea's long-running hacks, and that the world's largest crypto exchange was still caught off-guard by the record $6.3 billion heist.