$3.1B in Stolen Binance Crypto Has Yet to Be Laundered: Elliptic
Summary
Elliptic estimates about $3.11 billion of the $6.43 billion stolen from Binance remains in addresses likely controlled by North Korean hackers, while $2.85 billion has been frozen or seized, mostly by stablecoin issuers. The laundering operation spans more than 20,000 wallets, 16 blockchains and 65,000 transactions, but Elliptic says evidence indicates conventional automation, not AI agents. Some assets, including all stolen Solana, have been moved or converted; about $124 million has become Bitcoin. The FBI attributed the October 29 theft to North Korea’s TraderTraitor group, which denies involvement. Binance is restoring services and says users can verify reserves through zero-knowledge proofs.
