[Wu Blockchain News] Onchain Lens: $891M Potentially Moved or Laundered Following $6.34B Binance Hack
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Roughly $891 million of the assets stolen in the $6.34 billion Binance hack has potentially been moved or laundered, according to on-chain analytics firm Onchain Lens. Over the past two to three days, the attackers have continued routing funds through cross-chain protocols THORChain and Chainflip. The scale of the movement matters because it tests whether cross-chain liquidity venues can absorb sustained laundering flows without disrupting pricing. Traders will be watching THORChain and Chainflip volumes and the pace of further transfers from the remaining $2.85 billion stash.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Binance, Onchain Lens, THORChain (RUNE), Chainflip
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