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Binance Hackers Move 81% of Stolen Solana Through THORChain
(3 hours ago) · 1 source · Summarized by CryptoBipto
Hackers linked to a Binance breach have reportedly moved 81% of stolen Solana tokens, routing the funds through THORChain, a cross-chain decentralized exchange protocol. The movement of stolen funds suggests the attackers are attempting to launder the proceeds across multiple blockchains to obscure the trail.
WHY IT MATTERS
When hackers steal cryptocurrency from an exchange, they need to move and convert those funds to make them harder to trace — similar to how a bank robber might try to exchange marked bills for clean money.
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SOURCES
- cointelegraph.com
RELATED
SOLBNBCrypto HacksMoney LaunderingTHORChainExchange SecurityCross-Chain Protocols