Binance and Bulgaria may stop short on blame as others go further

Binance said about $6.3 billion was affected by a security incident on Oct. 29; blockchain analysis firms attributed the theft to a North Korean state-backed unit, which Binance has not confirmed. After drones hit ships off Bulgaria, Prime Minister Rumen Radev said there was no conclusive evidence of who did it. Ukraine blamed Russia; Russia’s ambassador reportedly said she had no information from its defense ministry. Read together, they may show others going further on blame than those closest.

Theory - analysis