Binance Hackers Move 81% of Stolen Solana, Launder Funds via THORChain

The attackers behind the recent Binance hack have moved 81% of the stolen Solana (SOL), shifting the funds through the cross-chain protocol THORChain to obscure their trail. This development comes shortly after THORChain resumed swaps, which had been paused due to the incident. The movement of such a large portion of the stolen assets underscores the challenges in tracking and recovering crypto stolen in exchange breaches. While Binance has not disclosed the exact total stolen, the hackers' ability to quickly move funds through decentralized protocols highlights the sophistication of modern crypto heists. THORChain's role as a laundering conduit raises questions about the balance between privacy and security in decentralized finance. As investigators continue to trace the remaining funds, the crypto community watches closely, aware that these events can impact market confidence and regulatory scrutiny. The ongoing laundering activity serves as a stark reminder of the risks inherent in the digital asset space.