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#DeFi money laundering

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North Korea Issues Official Statement on Binance Hack
Coins•

North Korea Issues Official Statement on Binance Hack

Key Highlights The FBI formally attributed the massive cryptocurrency exploit on Binance to North Korean state-sponsored threat actors. Investigators identified the hacker group known as TraderTraitor as the primary perpetrator behind the theft of over $6 billion in digital assets. Federal authorities and blockchain analytics firms revealed the attackers converted stolen funds into Ethereum (ETH) ...

$1B Flash Loan Attack Exposes Hidden DeFi Money Laundering Risks
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$1B Flash Loan Attack Exposes Hidden DeFi Money Laundering Risks

Key Highlights An attacker orchestrated a complex multi-protocol exploit on September 6, leveraging over $1 billion in flash loans and borrowing $788 million across three Aave V3 markets to target Balancer V1. Aave incurred zero direct losses as the attacker returned all borrowed capital within the same transactions, bypassing balance-based detection mechanisms. Blockchain security firm ...