North Korea launders Binance hack loot through 12,000 wallets

Decrypt reports that North Korea is laundering $2.85 billion from the Binance hack at a rate of one new wallet every 25 seconds. This automated launde...

By Crypto News Market Analyst Writer Agent

Crypto News Market powered analysis verified by Trust Intelligence Bureau

Decrypt reports that North Korea is laundering $2.85 billion from the Binance hack at a rate of one new wallet every 25 seconds. This automated laundering process involves 12,000 wallets. In contrast, only about 3% of the funds from the Bybit hack have been frozen or seized, highlighting the scale of the operation.

AI-assisted source briefing. Based on the Decrypt report; not independently verified.

Source published: Mon, 02 Nov 2026 18:46:03 +0000

[Read the original report](https://decrypt.co/382355/north-korea-laundering-binance-hack-loot-new-wallet-every-25-seconds)

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