Chainalysis: Money laundering of stolen Binance funds expands to Solana

TechFlow news, November 2: Chainalysis monitoring shows that individuals associated with North Korea have begun laundering stolen Binance funds on Solana after transferring approximately $500 million from Tron intermediary wallets.

Chainalysis said the attackers moved more than $500 million on Tron, dispersing funds through over 1,000 addresses, more than 3,000 deposits, and multiple DeFi protocols, and most Tron intermediary addresses have now been emptied. Funds left Tron via Chainflip, Relay, THORChain, NEAR, and other channels, flowing to dozens of new wallets on chains such as Ethereum and Bitcoin.

Source: TechFlow