Economy
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EconomyBinance crypto heist: Why stealing $6.3 billion may be easier than spending it
Hackers stole $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in a record theft that analysts blamed on North Korea and called potentially the biggest financial heist ever. RMIT economics professor Chris Berg says turning the stolen assets into usable cash may be much harder, explaining the rush to swap stablecoins for Bitcoin and Ethereum and the implications for investors.