Binance Hackers Route 81 Percent of Stolen Solana Through THORChain
Following the FBI's attribution of a major Binance hack to North Korean-linked hackers, blockchain analytics firms Arkham and Lookonchain traced the flow of stolen Solana tokens. The attackers routed approximately 81 percent of the stolen SOL through THORChain, converting it across multiple blockchain networks including conversions to USDC, Ether, and Bitcoin. The analysis reveals the sophistication of the attackers' asset obfuscation strategy.
Key points
- 81% of stolen Solana routed through THORChain
- Assets converted across multiple blockchain networks to USDC, Ether, Bitcoin
- FBI attributed attack to North Korean-linked hackers
- Analytics firms tracked token movement patterns
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