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Analysts said laundering the cryptocurrency stolen from Binance, whose losses exceeded $6 billion, could take weeks or months—and perhaps years—as the funds are split into small amounts and moved through multiple platforms and services to conceal their trail. The FBI said the North Korea-linked group TraderTraitor was responsible for the attack. About $3.4 billion remains under the group’s control, while Binance said it had identified roughly $3 billion in affected assets. The exchange pledged to compensate customers for the stolen cryptocurrency using its own funds, while authorities may be able to freeze the money if it is converted into stablecoins.
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