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North Korean hackers expected to take months to launder Binance tokens

Published

Analysts say the hackers are splitting the stolen tokens into small packages to hide their tracks. The theft, which analysts value at billions of dollars, happened last week at the crypto exchange.

Analysts and experts blame North Korean hackers for the theft from Binance. They say the tokens were worth billions of dollars. Binance is a crypto exchange.

Experts say the hackers are breaking the tokens into small packages in an attempt to hide their tracks. Analysts expect the laundering to take months.

Key facts

Who
Binance (crypto exchange whose tokens were stolen); North Korean hackers (alleged thieves of the tokens); Michael Barnhart (researcher with cybersecurity firm DTEX); Elizabeth Howcroft
What
Analysts say North Korean hackers will take months to launder the billions of dollars of tokens they stole from Binance last week, splitting them into small packages to hide their tracks. The article only reports this as analysts' and experts' expectations.
When
2026-10-27 (approximately, "last week" relative to 2026-11-03)
Where
Binance
Status
Reported

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