Binance Hack: No Artificial Intelligence Behind the Laundering of $6.4 Billion

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Elliptic found no evidence of artificial intelligence in the transfers of the $6.4 billion stolen from Binance on October 29. Failed transactions sent back unchanged and repeated transfers of the same amounts point instead to scripts written and supervised by humans. According to the blockchain analytics firm, the North Korean TraderTraitor group used about 20 automated services in less than three days. Roughly 44% of the proceeds, or $2.85 billion, has already been frozen or seized, while $3.28 billion remains spread across more than 950 wallets. Binance has restored withdrawals after $5.8 billion left the platform within 24 hours.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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