A post by @WuBlockchain on X.
Binance Hacker Pivots to THORChain to Launder Stolen SOL into BTC
@WuBlockchain on X
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The hacker behind the $6.3 billion Binance exploit has shifted to THORChain to convert stolen SOL into BTC, according to Lookonchain. The illicit funds were first spread across multiple wallets, where the SOL was sold before being routed through the cross-chain liquidity protocol. The move matters because THORChain is emerging as a key laundering route for large stolen balances, letting the attacker swap native assets across chains without centralized intermediaries. Traders will watch THORChain's swap volumes and liquidity pools for signs of continued selling pressure, and track the hacker's remaining SOL as it is progressively converted to BTC.
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Named in this story
Binance, THORChain (RUNE), BTC (BTC), SOL (SOL), Lookonchain
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