Binance Bitcoin Theft Linked to North Korea, Worth About $1.4B
Investigators have linked the theft of 18,270 BTC from Binance to North Korea; the haul is worth about $1.4 billion and exceeds several corporate and sovereign reserves.
Blockchain investigators have linked the theft of 18,270 bitcoin from Binance to North Korea, according to a CoinDesk report. The haul is worth about $1.4 billion.
The report compared the size of the theft with disclosed bitcoin holdings. The stolen amount exceeds Tesla’s holdings and is more than twice El Salvador’s national reserve, while coming within 442 coins of SpaceX’s disclosed holdings.
Scale of the haul
- 18,270 BTC stolen from Binance
- Estimated value: about $1.4 billion
- Investigators attribute the attack to North Korea
- Haul exceeds Tesla’s holdings and more than doubles El Salvador’s reserve
- Within 442 BTC of SpaceX’s disclosed holdings
The comparison shows how large exchange losses can rival corporate and sovereign bitcoin treasuries. Dollar values are based on the report’s estimate and can shift with bitcoin’s price.