bitcoin ·
Binance theft of 18,270 BTC tops Tesla, exceeds El Salvador reserve
A theft of 18,270 BTC from Binance represents a significant event, with the stolen amount valued at approximately $1.4 billion.
This substantial haul surpasses the amount held by Tesla and exceeds more than double the reserves held by El Salvador.
The volume of the stolen Bitcoin is also closely related to the disclosed holdings of SpaceX, falling within 442 coins of that figure.
Blockchain investigators have connected the attack to North Korea.
This incident highlights ongoing security vulnerabilities within major cryptocurrency exchanges, drawing attention from regulatory bodies and market participants.
The connection established by investigators points toward state-sponsored activity, which influences how exchanges and institutional investors approach digital asset custody.
