CNN · 2026-10-31 17:22 UTC

Notorious hacker says stolen crypto is like 'holding a hot potato'

Binance was hacked for over $6 billion, with evidence pointing to North Korean hackers who drained accounts in minutes. Former hacker Ilya Lichtenstein, released early from a five-year sentence for a $4.5 billion crypto theft, explains that stolen crypto is difficult to launder because blockchain transactions are publicly visible and platforms can freeze funds. Law enforcement has a narrow window to trace the stolen funds before AI-assisted mixing and splitting makes the money impossible to track.

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