TRON became an early route for stolen Binance funds, Elliptic finds

TRON served as an early conduit for funds stolen in the Binance hack, according to new research from blockchain analytics firm Elliptic, which traced the proceeds as they moved from TRON to Ethereum, Bitcoin and other networks. The investigation highlights how attackers exploited TRON's low-cost, high-throughput USDT transfers to launder stolen assets before dispersing them across chains. Elliptic's findings underscore the growing role of cross-chain laundering in crypto exploits, with TRON's dominance in USDT settlement making it a frequent first hop for hackers. The report did not disclose the specific amount stolen or moved via TRON, and Binance has not publicly confirmed the findings. Market participants will watch for follow-up actions from Binance, potential freezes of flagged USDT addresses by Tether, and whether Elliptic publishes address-level attribution that could trigger exchange delistings or law enforcement seizures.