How Binance became a hub for hackers, fraudsters and drug sellers
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For five years, the worldâs largest cryptocurrency exchange Binance served as a conduit for the laundering of at least $2.35 billion in illicit funds, a Reuters investigation has found.
How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers
In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Koreaâs nuclear weapons programme.
Several hours later, the hackers opened at least two dozen anonymous accounts on Binance, the worldâs largest cryptocurrency exchange, enabling them to convert the stolen funds and obscure the money trail, correspondence between Slovakiaâs national police and Binance reveals.
In as little as nine minutes, using only encrypted email addresses as identification, the Lazarus hackers created Binance accounts and traded crypto stolen from …
How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers
In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Koreaâs nuclear weapons programme.
Several hours later, the hackers opened at least two dozen anonymous accounts on Binance, the worldâs largest cryptocurrency exchange, enabling them to convert the stolen funds and obscure the money trail, correspondence between Slovakiaâs national police and Binance reveals.
In as little as nine minutes, using only encrypted email addresses as identification, the Lazarus hackers created Binance accounts and traded crypto stolen from …