Press Enter to search · ESC to close

Crypto Regulation

North Korean hackers launder $242M of Binance loot via Tron: analyst

North Korean hackers have laundered $242 million of stolen Binance funds through the Tron network, with crypto bridges Relay, THORChain, Chainflip and Symbiosis moving about $140 million of the loot off Tron. Relay handled the largest share at $48 million. The FBI is pressing THORChain over its role in the laundering.

Original source

AI take

The prominence of Tron and cross-chain bridges in this laundering pipeline shifts scrutiny onto infrastructure that is often judged on speed and cost rather than compliance. The FBI's pressure on THORChain signals that bridge operators, not just exchanges, are becoming the enforcement front line. Whether other bridges named here face similar attention, and how Tron's role is treated by regulators, is the open question.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback