Binance hack funds move from Tron to Solana via bridges, reports say
Chainalysis and analysts say laundered Binance-hack funds moved off Tron through four bridges and reached Solana, as the FBI pressed THORChain operators.
Funds stolen in the Binance hack are being laundered across several blockchains. According to The Defiant, citing Chainalysis, the launderers have now reached Solana after moving about $500 million through Tron.
The Block, citing an analyst, reports that North Korean hackers laundered $242 million of the Binance loot via Tron. It adds that the FBI is pressing THORChain over the flows.
What the Tron trail shows
The Defiant reports that Chainalysis found the Tron operation covered more than 1,000 addresses and over 3,000 deposits. After that, the money dispersed across different chains. Solana is one of the destinations the firm identified.
The sources give different headline figures for Tron. The Defiant puts the amount drained there at $500 million, while The Block cites $242 million laundered via Tron. The summaries do not explain the gap. It may reflect different methods or time periods, but that is not stated, so the numbers should be treated as separate estimates.
Four bridges and the FBI request
The Block says the bridges Relay, THORChain, Chainflip and Symbiosis moved about $140 million of the stolen funds off Tron. Relay handled the most, at $48 million. The Defiant describes the same $140 million figure in a breakdown by the analyst SomaXBT, who traced it through four Tron exit routes.
That analysis focuses on assets that were left unfrozen on Tron. According to The Defiant, the FBI's Oct. 31 request to block funds explicitly names THORChain node operators and downstream funds. The Block reports that the agency is pressing THORChain in connection with the laundering.
Why it matters and what to watch
For traders, the reports show how quickly stolen funds can leave a single network by using cross-chain bridges. They also show that pressure is building on the infrastructure involved. The FBI request to THORChain node operators puts a decentralized protocol in the position of a possible enforcement target. The sources do not say how operators have responded.
The next things to watch are whether the bridges or node operators act on the FBI's request. Also watch whether Chainalysis or other analysts publish updated totals that explain the gap between the $500 million and $242 million figures. Further movement of funds on Solana or other chains may also draw attention. The sources offer no evidence of market impact, and none is implied here.
Sources
- Binance-Hack Launderers Reach Solana After Draining $500 Million on Tron, Chainalysis Says The Defiant
- North Korean hackers launder $242 million of Binance loot via Tron as FBI presses THORChain: analyst The Block
- Analyst Traces $140 Million in Binance Loot Through Four Tron Exit Routes The Defiant
Written with AI assistance from the sources above and checked against them. Not investment advice.