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Binance, Huobi Freeze $1.4m Worth of Crypto in ‘North Korea-linked’ Wallets

The crypto exchanges Binance and Huobi have frozen “North Korea-linked” wallets containing “approximately $1.4 million in cryptoassets.” Per a blog post from the blockchain analytics firm Elliptic and a report from MBC,...

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Binance, Huobi Freeze $1.4m Worth of Crypto in ‘North Korea-linked’ Wallets
The crypto exchanges Binance and Huobi have frozen “North Korea-linked” wallets containing “approximately $1.4 million in cryptoassets.”
Per a blog post from the blockchain analytics firm Elliptic and a report from MBC, the coins “originated from the June 2022 hack of Harmony’s Horizon Bridge.”
Elliptic said its “investigators” traced the coins through the Tornado Cash coin mixer....
Read More: Binance, Huobi Freeze $1.4m Worth of Crypto in ‘North Korea-linked’ Wallets

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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