What happens if North Korea steals Wall Street's tokenized assets next
Source: CoinDesk ·
From the source
The $6.3 billion Binance hack showed how quickly cryptocurrencies can disappear on blockchain rails. Tokenized securities may offer better recourse than crypto after a theft, but the markets around them can still break down when stress hits. This is an excerpt from CoinDesk's new ‘ Tokenization Weekly’ newsletter. Sign up here . Hackers managed to pull off the biggest crypto heist ever last week, stealing about $6.3 billion from Binance, the world's largest crypto exchange, in mere minutes. The haul spanned multiple blockchains and included bitcoin BTC $77,801.34 , ether ETH $2,289.51 , XRP and billions of dollars worth of stablecoins. Binance said about $3 billion of the affected assets had since been frozen and pledged to cover the losses with its own funds. Both U.S. law enforcement, including the Federal Bureau of Investigation, and a slew of blockchain intelligence firms and the FBI have attributed the attack to TraderTraitor, a North Korean hacking unit. This was another brutal…