Frantic Binance Hackers Created Windfall for Crypto Traders

(Bloomberg) — For most crypto investors, the theft of $6.3 billion from Binance was a reminder of the risks that still surround digital assets. For a small group of fast-moving trading firms and skilled investors, it was a chance to make a quick buck.

As apparent North Korean hackers rushed to convert funds stolen from the world’s biggest crypto exchange, they accepted punishing prices. That handed well-prepared traders a fleeting but lucrative opportunity.