This is Binance/CZ's version of the story, but no one really knows the truth.

They have a massive incentive to invent a story to cover up the incident. I'm not saying it's a cover-up, but the motive is definitely there.

North Korea has denied responsibility, whereas they usually own up to their actions.

Disregarding that, it just doesn't make sense for their internal security to be so lax.

I've worked at big companies but with AUM lower than Binance, a lot of control and safeguards are in place to prevent one "rogue" employee from stealing everything.

It's pretty much impossible for a company like Binance to not have implemented such things. I do not buy it.