10.4K views
2d ago
Hackers stole US$6.3 billion from Binance, the world's biggest cryptocurrency exchange, in a record theft that analysts blamed on North Korea and said could be the largest financial heist of all time. But converting those stolen assets into usable cash could prove far more difficult, says RMIT University’s professor of economics Chris Berg. Speaking to CNA’s Asia First, he explains why hackers are racing to swap stolen stablecoins into Bitcoin and Ethereum and what the heist means for investor confidence.
Subscribe to our channel here: https://cna.asia/youtubesub
Visit our website: https://cna.asia
Download our app: https://cna.asia/app
Get our editors' picks of stories via chat apps:
Telegram: https://cna.asia/telegram
WhatsApp: https://cna.asia/whatsapp
Follow us on these platforms:
https://www.facebook.com/channelnewsasia
https://www.instagram.com/channelnewsasia
https://www.tiktok.com/@channelnewsasia