THE HASH: Binance Faces Scrutiny; FBI Says North Korean Hackers Behind $100M Horizon Bridge Theft

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Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 24 January 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Tuesday, Jan. 24, 2023. "The Hash" hosts discuss today's top stories, including Bloomberg reporting that Binance mistakenly kept collateral for some of the crypto assets it issues in the same wallet as funds belonging to its customers. This comes as Reuters reports that Binance processed $345.8 million worth of bitcoin (BTC) transactions for Bitzlato. Plus, the FBI says a pair of North Korean hacker groups were behind the June theft of $100 million in crypto assets from Horizon Bridge. See also: FBI: North Korean Hackers Behind $100M Horizon Bridge Theft North Korean Hacking Group Tied to $100M Harmony Hack Moves 41,000 Ether Over Weekend Binance Mistakenly Mixed Crypto Exchange's Customer Funds With B-Token Collateral: Bloomberg Binance Processed $346M of Bitcoin Trades for Crypto Exchange Bitzlato: Reuters - This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK. This is the hash podcast.
1:00.1	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,
1:04.9	with stories that matter to the crypto world, all on the hash for your ears.
1:10.7	You're listening to the Coin Desk Podcast Network. Thank you. world, all on the hash for your ears.
1:13.5	You're listening to the Coin Desk Podcast Network.
1:20.8	Hey there, welcome to CoinDest TV. You're watching The Hash. I'm Zach Seward. That's Wendy O. She's waving. Jen Sinassie with a little head twist to Will, still in some sort of prison
1:26.3	situation. Sorry about that, Will. All right, we're going to
1:29.4	get you up to speed on what's going on in the world of crypto today. It's Tuesday. We're to start
1:34.0	off with Wendy. What's up? You guys remember when the DO, I think it was the DOJ when they came out
1:40.4	and they wanted to like tell us, we're getting this crypto regulation. It was urgent. It was like, oh my God. Well, this is the story right here. And apparently finance is kind of related.
1:49.4	But before you guys say anything, hold on. Finance processed nearly $346 million worth of Bitcoin
1:55.9	trades for Bits Laddo, which kind of sounds like a Starbucks coffee. Starbucks, please sponsor the show,
2:02.3	but it is in fact a crypto exchange. The founder was arrested in Miami last week for allegedly
	...

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