Binance’s $6.3 Billion Hot-Wallet Incident and Custody Risks

A reported unauthorized transfer moved roughly $6.3 billion from Binance-controlled hot wallets across approximately ten blockchains. The public record has not established whether those assets were entirely customer property, corporate reserves, or a mixture. The panel examines custodial risk, Binance’s reported reserves, the suspected North Korean connection, the history of North Korean digital theft, and the limits of tracing, sanctions, and recovery—while distinguishing moved assets from established customer-property losses.

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https://factolio.com/?p=3374