Following the historic $6.3 billion security breach on cryptocurrency exchange Binance, intelligence and blockchain tracking firms note that billions remain under the control of hackers linked to North Korea. Industry analysts project that laundering the massive cache of stolen digital tokens will take months, requiring attackers to break funds down into smaller fractions and route them meticulously across multiple public blockchains. Major stablecoin issuers and platform protocols successfully froze roughly $3 billion worth of the stolen assets shortly after the exploit was identified. The massive breach triggered immediate market shockwaves, resulting in billions of dollars in client withdrawals as the broader crypto ecosystem assessed systemic vulnerabilities. U.S. law enforcement agencies and cybersecurity investigators have officially attributed the multi-billion-dollar exploit to North Korean state-sponsored actors, compounding ongoing tensions regarding state-backed cyber warfare.

Full report : Chainalysis and Elliptic expect North Korean hackers to take nearly a month to launder $.6.3 billion from the Binance crypto heist.