The attackers behind the $6.3 billion Binance hack have moved about 81% of the stolen Solana (SOL) as they continue to launder assets via the cross-chain swap protocol THORChain.
According to the blockchain data platform, wallets grouped under the Binance hacker entity held 182,443 SOL (worth $16.9 million), or about 18.8% of the total 970,522 SOL stolen during the exploit Arkham.
Lookon chain reported On Wednesday, the attackers said the attackers split SOL across multiple wallets, sold it for USDC, bridged it to Ethereum to buy Ether, and finally swapped ETH for Bitcoin (BTC) via THORChain.
Binance suffered a record-breaking hack on Thursday after attackers compromised employees’ devices through fake job interviews and downloading malicious software, the exchange said. Binance said on Tuesday it had replenished 98% of affected tokens and would absorb losses.
The US Federal Bureau of Investigation attributed The attack was carried out on Saturday by North Korean hacker TraderTraitor, calling on crypto service providers, including THORNode operators, to block transactions related to stolen assets.
Kim Yo Jong, sister of North Korean leader Kim Jong Un, dismissed the allegations as “absurd rhetoric.”
North Korea-linked hacking groups are suspected of using THORChain to launder proceeds from some of the largest cryptocurrency hacks, including the $1.4 billion Bybit hack.
THORChain Resumes Exchanges After Stopping Delayed Money Laundering
THORChain restored trading on Bitcoin, Ethereum and several other chains on Wednesday. Services were suspended on Saturday after a restructuring of the Ethereum block exposed a refund error. According to Chainalysis, the stop inadvertently delayed the Binance hackers’ money laundering activities.
Blockchain investigator SomaXBT appreciated that about 54% of the attackers’ more than 47,600 transactions on Tron and Solana were automated.
Binance hackers expanded their money laundering activities to Solana on Sunday after emptying most of their temporary wallets on Tron. Chain analysis appreciated that a total value of approximately $500 million was moved through Tron, including repeated transfers between wallets.
Related: Binance net inflows turn positive at $2.3 billion as withdrawals increase
