Binance-Hack Launderers Reach Solana After Draining $500 Million on Tron, Chainalysis Says
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The hackers behind the Binance bridge exploit moved roughly $500 million in stolen assets through more than 1,000 Tron addresses and over 3,000 deposits before shifting funds to Solana, according to Chainalysis. The laundering operation initially concentrated on Tron, where the stolen funds were fragmented across thousands of addresses to obscure their trail, before dispersing across multiple chains. The migration to Solana suggests the launderers are rotating venues as exchanges and analytics firms tighten monitoring on Tron-based flows. The episode underscores persistent risks around cross-chain laundering following the exploit, which drained about $500 million from the exchange. Analysts will be watching whether funds next move toward mixers, privacy tools, or centralized exchanges, and whether Binance can freeze or recover additional portions of the stolen assets.
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Binance, Tron (TRX), Solana (SOL), Chainalysis
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