NYPOST · 2026-11-03 23:17 UTC

North Korea laundering Binance billions with Chinese help — to spend on new missiles

North Korean hackers stole $6.3 billion from Binance; $3.3 billion remains unfrozen and is being laundered through Chinese brokers and middlemen. The stolen funds are being moved across 10 blockchains using approximately 12,000 digital wallets to obscure tracking, with experts saying the money will fund North Korea's weapons and missile development. The theft equals North Korea's entire annual merchandise trade and over a third of its estimated GDP, significantly boosting the regime's hard currency coffers.

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