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Crypto DeFi

Binance hackers move 81% of stolen Solana via THORChain

The attackers behind the Binance exploit have moved 81% of the stolen Solana (SOL) and are continuing to launder the funds through THORChain after the protocol resumed swaps. The transfers route the stolen assets through the cross-chain liquidity protocol, which had recently restarted swap operations.

Original source

AI take

The choice of THORChain as the laundering rail is the detail worth noting: a cross-chain liquidity protocol restarting swaps becomes immediately useful to actors moving stolen assets, which puts focus on how such venues screen flows rather than on the Binance exploit itself. The remaining 19% of the SOL is the near-term variable, since its disposition will show whether the route stays open. Whether THORChain's resumed operations draw scrutiny as a laundering channel is the open question.

Generated by AI for reference only.

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