Korea Denies Links as Analysts Trace Binance Hack Funds

Korea denies links to the Binance hack as blockchain analytics firms trace billions of dollars moving across thousands of wallets and multiple networks. North Korea called the U.S. attribution a “grave political provocation,” while Elliptic and Chainalysis described a complex laundering operation that continues to shift across blockchains. Researchers trace stolen Binance funds, and their findings center on the scale and sequence of those movements. Elliptic said hackers used roughly 12,000 wallets across 11 blockchains in the first four days after the attack.