Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea
According to blockchain analytics firm Elliptic, crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea. The firm noted that the stolen funds, which were dormant until recently, originated from the June 2022 hack of Harmony’s Horizon Bridge. “The Horizon cross-chain bridge was <a href="https://news.bitcoin.com/harmonys-100m-hack-was-due-to-a-compromised-multi-sig-scheme-says-analyst/">attacked</a> on June 24th 2022, resulting in the loss of $99.6 million in cryptoassets. These funds were then laundered through the now-sanctioned Tornado Cash,” the blockchain analytics firm detailed. Ethereum mixer Tornado Cash was <a href="https://news.bitcoin.com/us-government-bans-ethereum-mixer-tornado-cash-platform-added-to-ofacs-sdn-list/">banned</a> last August by the U.S. Department of the Treasury’s Office of Foreign Asset Control (OFAC). (Bitcoin.com)
Another $1.4M in Funds Stolen by Lazarus Group Frozen by Binance, Huobi
About a month ago, Elliptic, Huobi, and Binance first coordinated to freeze 121 BTC, worth $2.5 million at the time. Apparently, the collaboration has continued, allowing a further $1.4 million in cryptocurrencies to be frozen on the 14th of February.
Huobi To Delist ANC, HIT, PVT, RCCC and UIP
The delisting of ANC(Anchor Protocol), HIT(HitChain), PVT(Pivot) and RCCC(RCCC) is further to Article 17(2) under the Huobi Token Management Rules, and the delisting of UIP(UnlimitedIP) is further to Article 17(17).
Binance and Huobi Freeze $1.4M in Crypto Linked to North Korean Hackers
Cryptocurrency exchanges Binance and Huobi have again frozen accounts linked to the $100 million Harmony Horizon bridge attack on Jun. 24, 2022. Around $1.4 million worth of crypto frozen by the trading platforms came from accounts linked to the notorious Lazarus Group operating out of North Korea. The investigation was carried out by blockchain analytics firm Elliptic, according to a report shared by the firm on Feb. 14. However, the firm didn’t state what coins or tokens were frozen. (Cointelegraph)
Binance and Huobi Froze $1.4 Million in Crypto Tied to the Harmony Bridge Heist
In June 2022, the Horizon cross-chain bridge suffered an attack, causing a loss of $99.6 million in crypto assets.
Huobi Revealed to Hold $2.27 Million Worth of CORE Tokens in On-Chain Wallet
Huobi, one of the leading cryptocurrency exchanges, has been found to hold a significant amount of CORE tokens on its on-chain wallet.
Huobi Cloud Wallet No More: Exchange Pulls Plug on DeFi Multi-Token Wallet
Cryptocurrency exchange Huobi has announced that it will discontinue its Huobi Cloud Wallet platform in May 2023 citing ‘strategic and product adjustments’.
Huobi Will List BLUR (Blur) on February 14, 2023
Huobi is scheduled to list BLUR (Blur) on February 14, 2023.
SEC Hits Kraken With $30 Million Fine; Dubai Prohibits Privacy Coins | Cointime Weekly Feb.05 – Feb.11
Huobi to expand in Hong Kong as it bets on China; PayPal pauses stablecoin project amid Paxos probe; Ethereum co-founder says Ether won’t be classified as a security; Proof of Reserves for policymakers; Egyptian fintech MNT-Halan secures $400M.
Huobi To Expand in Hong Kong As It Bets on China
Huobi Global, one of the world’s largest cryptocurrency exchanges, plans to expand its operations in Hong Kong, anticipating that Mainland China will soon follow the city’s recent pro-crypto shift, Huobi chief and digital asset tycoon Justin Sun told Bloomberg TV on Friday.
