Binance’s Recovery of Stolen Crypto Illustrates That Digital Assets Aren’t a Promised Land for Bad Actors

Binance’s Recovery of Stolen Crypto Illustrates That Digital Assets Aren’t a Promised Land for Bad Actors


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A Fox Business article announced that Binance recovered a portion of the assets that were stolen from the recent Ronin hack. Just under $6 million of crypto was recovered –less than one percent of the total heist – but there is hope that larger segments will continue to be recovered over the coming days. US authorities have tied the exploit to Lazarus – hackers out of North Korea.

According to the article,

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“Binance discovered the stolen assets by literally following the money through a series of moves made by the hackers. Treasury identified an Ethereum wallet address tied to the group. Binance traced the stolen funds when they were moved from the hackers’ wallet to Tornado Cash – a service that allows for anonymous token transfers

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