{"id":342560,"date":"2026-11-08T14:57:42","date_gmt":"2026-11-08T09:27:42","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=342560"},"modified":"2026-11-08T14:57:42","modified_gmt":"2026-11-08T09:27:42","slug":"binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/","title":{"rendered":"Binance Hack: The Shadowy Crypto Laundering Services Moving USD 6.3 Billion of Stolen Funds, and What Investors Should Check"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Binance hack, 29 Oct 2026: about USD 6.3 billion stolen. WSJ (7 Nov): over 10,000 wallets; about half frozen; attackers hold nearly USD 3 billion per tracing firms. Binance replenished 98%.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Binance hack of 29 October 2026 took about USD 6.3 billion, and a Wall Street Journal investigation found the stolen funds spread across more than 10,000 wallets, with crypto laundering services helping move them. About half has been frozen, but tracing firms say the attackers still control nearly USD 3 billion.<\/p>\n<\/p><\/div>\n<p>The <strong>Binance hack<\/strong> of 29 October 2026 stole about USD 6.3 billion, and <strong>crypto laundering<\/strong> services are now helping move the loot across more than 10,000 wallets, according to a Wall Street Journal investigation published on 7 November. This article explains what happened, how the laundering works, who is responsible for stopping it and what investors can check.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#The_Binance_Hack_What_Happened_on_29_October\" title=\"The Binance Hack: What Happened on 29 October\">The Binance Hack: What Happened on 29 October<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#How_Crypto_Laundering_Moved_the_Binance_Hack_Funds\" title=\"How Crypto Laundering Moved the Binance Hack Funds\">How Crypto Laundering Moved the Binance Hack Funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#The_Developer_Dilemma_in_Crypto_Laundering\" title=\"The Developer Dilemma in Crypto Laundering\">The Developer Dilemma in Crypto Laundering<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#What_the_Binance_Hack_Means_for_Investors\" title=\"What the Binance Hack Means for Investors\">What the Binance Hack Means for Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#Frequently_Asked_Questions_on_the_Binance_Hack\" title=\"Frequently Asked Questions on the Binance Hack\">Frequently Asked Questions on the Binance Hack<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#How_much_was_stolen_in_the_Binance_hack\" title=\"How much was stolen in the Binance hack?\">How much was stolen in the Binance hack?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#How_did_the_Binance_hack_happen\" title=\"How did the Binance hack happen?\">How did the Binance hack happen?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#Who_was_behind_the_Binance_hack\" title=\"Who was behind the Binance hack?\">Who was behind the Binance hack?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#How_is_crypto_laundering_moving_the_stolen_funds\" title=\"How is crypto laundering moving the stolen funds?\">How is crypto laundering moving the stolen funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#How_much_of_the_stolen_money_has_been_frozen\" title=\"How much of the stolen money has been frozen?\">How much of the stolen money has been frozen?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#Why_cant_decentralised_services_stop_crypto_laundering_of_the_stolen_funds\" title=\"Why can&#x27;t decentralised services stop crypto laundering of the stolen funds?\">Why can&#x27;t decentralised services stop crypto laundering of the stolen funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#Does_the_Binance_hack_affect_Indian_investors\" title=\"Does the Binance hack affect Indian investors?\">Does the Binance hack affect Indian investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/binance-hack-crypto-laundering-services-6-3-billion-10000-wallets-thorchain-wasabi-frozen-funds-what-investors-should-check\/#Should_I_invest_in_crypto_after_the_Binance_hack\" title=\"Should I invest in crypto after the Binance hack?\">Should I invest in crypto after the Binance hack?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Binance_Hack_What_Happened_on_29_October\"><\/span><strong>The Binance Hack: What Happened on 29 October<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Binance hack: fact<\/th>\n<th>Detail<\/th>\n<th>Source<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Date and size<\/td>\n<td>29 October 2026; about USD 6.3 billion (USD 6.34 billion of affected assets)<\/td>\n<td>CNN, NPR, CNBC<\/td>\n<\/tr>\n<tr>\n<td>Speed<\/td>\n<td>Hackers took the funds in about 20 minutes<\/td>\n<td>NPR<\/td>\n<\/tr>\n<tr>\n<td>Method<\/td>\n<td>Fake job interviews, malicious software and compromised internal AI tools, built up over months<\/td>\n<td>Binance co-CEO Richard Teng to CNBC, 3 November<\/td>\n<\/tr>\n<tr>\n<td>Attribution<\/td>\n<td>Blockchain evidence pointed to North Korea, per several tracing firms; no official attribution in the sources reviewed<\/td>\n<td>CNN, NPR<\/td>\n<\/tr>\n<tr>\n<td>Customer cover<\/td>\n<td>Binance said it replenished 98% of the affected assets<\/td>\n<td>Binance security report, 3 November<\/td>\n<\/tr>\n<tr>\n<td>Earlier record<\/td>\n<td>Bybit, about USD 1.5 billion, also blamed on North Korean hackers<\/td>\n<td>CNN<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The <strong>Binance hack<\/strong> is the largest crypto theft on record in the reports reviewed. Binance and partners including Tether, Circle and Ripple reportedly froze about USD 3 billion. A freeze stops the funds moving but does not return them to owners, so the <strong>Binance hack<\/strong> is far from resolved.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Crypto_Laundering_Moved_the_Binance_Hack_Funds\"><\/span><strong>How Crypto Laundering Moved the Binance Hack Funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Crypto laundering finding<\/th>\n<th>Figure<\/th>\n<th>Source<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Wallets used for crypto laundering<\/td>\n<td>More than 10,000<\/td>\n<td>Wall Street Journal<\/td>\n<\/tr>\n<tr>\n<td>THORChain<\/td>\n<td>Over USD 46 million in the first 72 hours, generating over USD 200,000 in fees for operators<\/td>\n<td>Chainalysis, per the Journal<\/td>\n<\/tr>\n<tr>\n<td>Wasabi Wallet<\/td>\n<td>About USD 4 million routed through the Bitcoin privacy service<\/td>\n<td>Wall Street Journal<\/td>\n<\/tr>\n<tr>\n<td>Bitquery analysis of crypto laundering<\/td>\n<td>About USD 333 million traced to laundering or cash-out services in the first week; about USD 113 million via THORChain<\/td>\n<td>Bitquery, 7 November<\/td>\n<\/tr>\n<tr>\n<td>Frozen<\/td>\n<td>About half of the stolen funds<\/td>\n<td>Wall Street Journal<\/td>\n<\/tr>\n<tr>\n<td>Still controlled by attackers after crypto laundering<\/td>\n<td>Nearly USD 3 billion<\/td>\n<td>Tracing firms<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Bitquery figures use a different period and method from the Chainalysis figures, so they should not be added together. THORChain is a service for swapping assets between blockchains, and Wasabi is a Bitcoin privacy tool. Crypto laundering of this kind splits money into thousands of small holdings, which makes tracing slower, though much of the stolen Bitcoin and Ether remained in identifiable wallets.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Explore regulated Indian stocks on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Developer_Dilemma_in_Crypto_Laundering\"><\/span><strong>The Developer Dilemma in Crypto Laundering<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Issue<\/th>\n<th>What the report says<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>FBI request on crypto laundering<\/td>\n<td>The FBI urged crypto service operators, including THORChain node operators, to block linked transactions, but some continued<\/td>\n<\/tr>\n<tr>\n<td>Developers&#8217; position<\/td>\n<td>Operators of decentralised services say their systems are not designed to give them central control over individual transactions<\/td>\n<\/tr>\n<tr>\n<td>North Korean hackers<\/td>\n<td>The Journal&#8217;s summary says some developers cannot stop North Korean hackers from laundering funds through their platforms<\/td>\n<\/tr>\n<tr>\n<td>Open question on crypto laundering<\/td>\n<td>Who is responsible for funds that decentralised technology moves<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This dispute is the heart of the story: law enforcement wants services to block stolen funds, while developers say they cannot. Until that is settled, crypto laundering through decentralised tools is likely to remain hard to stop, and every large <strong>Binance hack<\/strong>-style theft will raise the same question.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get market news alerts on your phone.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_the_Binance_Hack_Means_for_Investors\"><\/span><strong>What the Binance Hack Means for Investors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Lesson from the Binance hack<\/th>\n<th>What to check<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Custody risk<\/td>\n<td>Funds held on an exchange depend on the exchange&#8217;s security, so check how and where your assets are held<\/td>\n<\/tr>\n<tr>\n<td>Concentration<\/td>\n<td>Avoid putting a large share of your savings into one asset class or one platform<\/td>\n<\/tr>\n<tr>\n<td>Withdrawal and cover policy<\/td>\n<td>Binance covered 98% of affected assets, but not every exchange can do the same<\/td>\n<\/tr>\n<tr>\n<td>Phishing and fake offers<\/td>\n<td>The hackers used fake job interviews, so verify unexpected offers and links<\/td>\n<\/tr>\n<tr>\n<td>Rules and tax<\/td>\n<td>Check current Indian rules and tax treatment for crypto before investing<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Equity investors in India trade on regulated exchanges with clearing corporations, and the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> and <a href=\"https:\/\/univest.in\/indices\/sensex\/sensex-share-price-today\">Sensex<\/a> are tracked daily. Univest does not give crypto advice, and this article does not recommend buying or selling any crypto asset. The <strong>Binance hack<\/strong> shows why custody and counterparty risk deserve attention in any asset class.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Binance hack<\/strong> shows how fast billions can move and how slowly <strong>crypto laundering<\/strong> can be stopped: more than 10,000 wallets, THORChain and Wasabi routes, about half the funds frozen and nearly USD 3 billion still with the attackers. The debate over whether decentralised services can block stolen money is unresolved. Check custody, avoid concentration and follow official updates.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_the_Binance_Hack\"><\/span><strong>Frequently Asked Questions on the Binance Hack<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_much_was_stolen_in_the_Binance_hack\"><\/span><strong>How much was stolen in the Binance hack?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About USD 6.3 billion, or USD 6.34 billion of affected assets, was stolen on 29 October 2026, in what reports call the biggest crypto heist on record. Binance said it replenished 98% of the affected assets for customers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_the_Binance_hack_happen\"><\/span><strong>How did the Binance hack happen?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Binance co-CEO Richard Teng said the attackers used fake job interviews, malicious software and compromised internal AI tools, and spent months building their way in. NPR reported that the funds were taken in about 20 minutes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_was_behind_the_Binance_hack\"><\/span><strong>Who was behind the Binance hack?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Blockchain evidence points to North Korean hackers, per several tracing firms cited by CNN and NPR. The Gulf News summary of the Wall Street Journal investigation does not name a group, and the sources reviewed show no official attribution.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_is_crypto_laundering_moving_the_stolen_funds\"><\/span><strong>How is crypto laundering moving the stolen funds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Journal found the funds spread across more than 10,000 wallets, with some moved through THORChain, which Chainalysis says handled over USD 46 million in 72 hours, and some through Wasabi Wallet, about USD 4 million.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_of_the_stolen_money_has_been_frozen\"><\/span><strong>How much of the stolen money has been frozen?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> About half, per the Journal, with Tether, Circle, Ripple and others involved. Tracing firms estimate the attackers still control nearly USD 3 billion. Freezing does not mean the funds have been returned to owners.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_cant_decentralised_services_stop_crypto_laundering_of_the_stolen_funds\"><\/span><strong>Why can&#x27;t decentralised services stop crypto laundering of the stolen funds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Developers say their systems are not designed to give operators central control over individual transactions. The FBI urged operators to block linked transactions, but some continued, which has raised questions about responsibility.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_the_Binance_hack_affect_Indian_investors\"><\/span><strong>Does the Binance hack affect Indian investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It matters mainly for anyone holding crypto on exchanges or considering it. Check custody, concentration and current Indian rules and tax treatment. This article does not discuss Indian regulation in detail and is not crypto advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_invest_in_crypto_after_the_Binance_hack\"><\/span><strong>Should I invest in crypto after the Binance hack?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Univest cannot give personal advice and does not recommend any crypto asset. Crypto prices and platforms carry high risk, and past performance does not predict future returns. Consult a SEBI-registered adviser and check current rules.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How much was stolen in the Binance hack?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About USD 6.3 billion, or USD 6.34 billion of affected assets, was stolen on 29 October 2026, in what reports call the biggest crypto heist on record. Binance said it replenished 98% of the affected assets for customers.\"}},{\"@type\":\"Question\",\"name\":\"How did the Binance hack happen?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Binance co-CEO Richard Teng said the attackers used fake job interviews, malicious software and compromised internal AI tools, and spent months building their way in. NPR reported that the funds were taken in about 20 minutes.\"}},{\"@type\":\"Question\",\"name\":\"Who was behind the Binance hack?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Blockchain evidence points to North Korean hackers, per several tracing firms cited by CNN and NPR. The Gulf News summary of the Wall Street Journal investigation does not name a group, and the sources reviewed show no official attribution.\"}},{\"@type\":\"Question\",\"name\":\"How is crypto laundering moving the stolen funds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Journal found the funds spread across more than 10,000 wallets, with some moved through THORChain, which Chainalysis says handled over USD 46 million in 72 hours, and some through Wasabi Wallet, about USD 4 million.\"}},{\"@type\":\"Question\",\"name\":\"How much of the stolen money has been frozen?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"About half, per the Journal, with Tether, Circle, Ripple and others involved. Tracing firms estimate the attackers still control nearly USD 3 billion. Freezing does not mean the funds have been returned to owners.\"}},{\"@type\":\"Question\",\"name\":\"Why can't decentralised services stop crypto laundering of the stolen funds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Developers say their systems are not designed to give operators central control over individual transactions. The FBI urged operators to block linked transactions, but some continued, which has raised questions about responsibility.\"}},{\"@type\":\"Question\",\"name\":\"Does the Binance hack affect Indian investors?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It matters mainly for anyone holding crypto on exchanges or considering it. Check custody, concentration and current Indian rules and tax treatment. This article does not discuss Indian regulation in detail and is not crypto advice.\"}},{\"@type\":\"Question\",\"name\":\"Should I invest in crypto after the Binance hack?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Univest cannot give personal advice and does not recommend any crypto asset. Crypto prices and platforms carry high risk, and past performance does not predict future returns. Consult a SEBI-registered adviser and check current rules.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance hack of USD 6.3 billion: crypto laundering across 10,000 wallets, THORChain and Wasabi use, frozen funds and what to check.<\/p>\n","protected":false},"author":38,"featured_media":342559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[18965,21320,21316,21322,21321,21317,21319,21318],"class_list":["post-342560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-hack","tag-chainalysis","tag-crypto-laundering","tag-frozen-funds","tag-stolen-crypto","tag-thorchain","tag-wall-street-journal","tag-wasabi-wallet"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["342559"],"rank_math_title":["Binance Hack: How Crypto Laundering Moves Billions"],"rank_math_description":["Binance hack of USD 6.3 billion: WSJ finds crypto laundering across 10,000 wallets, THORChain and Wasabi use, frozen funds and what investors should check."],"rank_math_focus_keyword":["Binance hack"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/binance-hack-the-shadowy-crypto-laundering-services-moving-usd-6-3-billion-of.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/342560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=342560"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/342560\/revisions"}],"predecessor-version":[{"id":342561,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/342560\/revisions\/342561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/342559"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=342560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=342560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=342560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}