Binance Hacker Turns to THORChain to Convert Stolen Solana…
By Karthik Subramanian
AI summary of the source article
Wallets linked to the October 29 Binance breach have reportedly begun using THORChain to convert stolen Solana into Bitcoin. The activity follows earlier transfers through Relay Protocol to move proceeds from the multi-billion-dollar hack.
Why it matters
Converting SOL into BTC complicates investigations because analysts must connect transactions across different blockchains and identify corresponding swap outputs.
Key facts
- The Binance breach on October 29 involved an estimated $6.3 billion to $6.4 billion in unauthorized transfers.
- Blockchain investigators reported the attacker began routing stolen Solana through THORChain and Relay Protocol to convert assets into Bitcoin.
- On October 31, the FBI attributed the breach to North Korea-linked group TraderTraitor and urged DeFi providers to block related addresses.
Source excerpt · FinanceFeeds
Wallets linked to the October 29 Binance hack have reportedly begun using THORChain to convert stolen Solana (SOL) into Bitcoin (BTC), marking another development in efforts to move cryptocurrency taken during the record-breaking exchange breach. On November 4, Wu Blockchain reported, citing blockchain analytics platform Lookonchain, that the attacker had begun routing stolen SOL through THORChain…