A THORChain Bug Has Slowed North Korean Hackers Laundering Stolen Binance Funds
By Unchained
AI summary of the source article
A refund bug triggered an emergency pause on THORChain across ten networks, inadvertently delaying North Korean hackers laundering funds stolen from Binance. The halt occurred after an Ethereum blockchain reorganization caused a 10 ETH vault shortfall.
Why it matters
Chainalysis said the pause "inadvertently delayed the laundering of a significant amount of funds stolen from Binance," because the halt locked hackers and ordinary users alike out of most of THORChain’s bridges.
Key facts
- A 10 ETH shortfall caused by an Ethereum reorg tripped THORChain's solvency checker, prompting a trading pause across 10 networks.
- Chainalysis reported the pause inadvertently delayed the laundering of funds stolen from Binance by North Korean hackers.
- THORChain warned that after any external chain reorg, malicious actors could exploit the flaw to be paid funds by its vaults.
Source excerpt · Unchained
THORChain says the refund flaw a one-block Ethereum reorg exposed could let attackers pull funds from its vaults after future reorgs, and most of its chains are still halted. The post A THORChain Bug Has Slowed North Korean Hackers Laundering Stolen Binance Funds appeared first on Unchained .