Chainalysis Identifies DeFi Receipt-Token Laundering Route in Binance Hack
(1 hour ago) · 1 source · Summarized by CryptoBipto
Blockchain analytics firm Chainalysis has identified a laundering technique used in a Binance hack that involved routing stolen funds through DeFi protocols using receipt tokens. The method reportedly allowed the attackers to obscure the trail of stolen assets by leveraging tokens issued by DeFi platforms upon depositing funds.
WHY IT MATTERS
When you deposit money into certain crypto platforms, you get a digital "receipt" — a token that proves you deposited funds, similar to a coat-check ticket.
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SOURCES
- thedefiant.io
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