Binance recovers stolen, disguised crypto loot from mega hack

Binance recovered some RM25.09mil worth of stolen crypto, by tracing where the loot was being moved and freezing the assets. — REUTERS/File Photo

More than a week after the US tied one of the biggest heists in crypto to a North Korean hacking group, digital-asset exchange Binance said it was able to recover about US$5.8mil (RM25.09mil) worth of the stolen loot that had made its way onto its platform in disguised form.

The details of how it achieved this serve as notice for those who attempt to cash out ill-gotten cryptocurrency gains: It may only get harder.