Binance Reportedly Hid Extensive Links to China; North Korea Hackers Adopt New Trick to Launder Crypto

"The Hash" tackles today's hot topics: Binance hid substantial links to China for several years after the crypto exchange claimed to have left the country, according to documents reviewed by the Financial Times. New research shows that North Korean hackers are now using crypto cloud mining for their illicit activities. The U.K. drops its plans for a non-fungible token (NFT) issued by the Royal Mint. Plus, if you're a member of a decentralized autonomous organization (DAO) that is being sued, could you be liable for negligence? U.S. courts are wading into the murky topic.

See also:

Binance’s On-Chain Balance Stands at $64B, Nansen Data Shows

Crypto’s Unfulfilled Dreams Get a Tailwind From U.S. Crackdown on Binance, Coinbase

North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Shows

Hacker vs. Hacker: North Koreans Attempt to Phish Euler Exploiter of $200M in Crypto, Experts Say

UK NFT Dropped Over Lack of Demand, Finance Minister Hunt Says

UK Treasury Cancels Plans for Government-Backed NFT

The Liability of DAOs and Their Founders Has Been Put to the Test in Court

This episode has been edited by Jonas Huck. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code THEHASH to get 15% off your pass. Visit coindesk.com/consensus.