Huobi Archives - The Block

Binance, Huobi freeze $1.4m of crypto tied to North Korean hackers

Crypto exchanges Binance and Huobi have frozen accounts linked to a $100 million (£83m) hack carried out by Lazarus Group, a hacking group located in North Korea, in June 2022.

Close to $1.4 million (£1.17m) of crypto was frozen across both exchanges that were originally stolen last year in an attack on the Harmony Horizon cross-chain bridge.

The accounts were identified following an investigation by blockchain analytics firm Elliptic, according to a 14 February report...

15 February 2023 | Altcoins

Huobi develops its asset storage offering with new ‘cloud wallet’

Huobi, the once Chinese crypto exchange that now operates globally, has launched a ‘cloud wallet’ designed to improve ease of access to digital asset management.

The new wallet feature removes the need for users to maintain their own private key through a third-party management system.

This not only simplifies wallet interaction but also removes the risk of owners forgetting or losing their private key, making their assets unretrievable.

The owner’s keys...