AGP Executive Report
Last update: 8 hours agoBinance Hack Fallout: Binance says it has replaced about 95% of the $6.3 billion stolen, but customers withdrew a net $4.72 billion as withdrawals resumed. Investigators say North Korea-linked hackers have begun laundering funds across chains, including converting about $89 million in Solana to Bitcoin. North Korea Denial: Kim Yo Jong rejected the FBI’s claim that Pyongyang was behind the heist, calling it “absurd rhetoric” and a political provocation. Market Pressure: Bitcoin slid as fears over renewed US-Iran conflict added to anxiety from the hack and a wider wave of crypto attacks. Security Response: Solflare has restricted infrastructure access and added multiple approvals for changes, while South Korea urged exchanges to boost cold storage. Tokenization Push: SBI Digital Markets and Ember plan to develop institutional real-world asset products on Arbitrum, as firms and regulators press ahead with blockchain-based finance despite the security shock.
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