[Wu Blockchain News] Binance Hacker Pivots to THORChain to Launder Stolen SOL into BTC According to ...
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The hacker behind the $6.3 billion Binance exploit is routing stolen SOL into Bitcoin through THORChain, according to Lookonchain. The funds were first split across multiple wallets, where SOL was sold for USDC, then bridged to Ethereum to buy ETH, which is now being swapped into BTC via the cross-chain protocol. The multi-step path obscures the transaction trail and highlights THORChain’s growing role as laundering infrastructure for large illicit flows. Traders are watching whether the BTC conversions continue at the current pace and whether THORChain’s swap volumes stay elevated as the hacker works through the remaining SOL.
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, THORChain (RUNE), BTC (BTC), SOL (SOL), Lookonchain
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