THE INDEPENDENT · 2026-10-31 05:03 UTC

Voices: North Korea is a cyber superpower that just stole $6.3bn in crypto. This is how we stop it cashing out

North Korean hackers stole approximately $6.3bn from Binance, the world's largest cryptocurrency exchange, in what would be the largest crypto theft in history if confirmed; $3bn has been frozen but billions remain inaccessible. North Korea is responsible for 30% of documented cryptocurrency hacks in a database of $350bn in illicit crypto flows, with major thefts including $1.5bn from Bybit in 2025, $620mn from Ronin in 2022, and $387m from Bitget last month. The stolen amount represents 29% of North Korea's estimated $22bn in foreign revenue over 2022-2025; the author argues governments…

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