6/103 sources · 3 publishersUpdated Nov 2, 01:07 UTC
Binance Hack Laundering Route Expands From Tron to Solana
+1 new source since this summary was written
Chainalysis said funds stolen in the Binance hack were laundered through Tron before being dispersed across several blockchains, including Solana. The activity involved over $500 million, over 1,000 Tron addresses and 3,000 deposits. The transfers used DeFi protocols and cross-chain services to spread the funds.
Why it matters
The cross-chain movement makes the stolen assets harder to trace and creates monitoring and compliance implications for services connecting Tron, Solana and other networks. Chainalysis did not specify how much of the funds reached Solana.
Key facts
- 1More than $500 million from the Binance hack was moved through Tron. thedefiant.io
- 2The laundering activity used over 1,000 addresses and 3,000 deposits on Tron. thedefiant.io
- 3The funds were subsequently dispersed across multiple blockchains, including Solana. thedefiant.io
- 4Chainflip, Relay and THORChain were identified as possible cross-chain transfer routes. thedefiant.io
Open questions
- Chainalysis did not disclose the amount of the more than $500 million that moved to Solana.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.