Binance Hackers Transfer Billions Before Potential Asset Freeze

Binance ’s estimated $6.3 billion hack—described by investigators as the largest in crypto history—shows how quickly major thefts can migrate from “steal” to “launder,” even as issuers and protocols move to block access. The attack began at 8:04 pm UTC on Thursday, and the suspected North Korean-linked perpetrators moved rapidly into assets they believed could be harder to freeze. By Friday, Binance said it had frozen about $3 billion of the stolen funds onchain.