Analyst says North Korean hackers laundered $242M via Tron
BROBROK News · Based on reporting by The Block ·
An analyst said North Korean hackers laundered $242 million in Binance-linked funds through Tron. The report also says the FBI is pressing THORChain, while Relay, THORChain, Chainflip and Symbiosis moved about $140 million of stolen funds off Tron.
Key points
- The alleged laundering is tied to North Korean hackers.
- Tron was used as the main network in the flow of stolen funds.
- Relay handled the largest share among the bridges mentioned, at $48 million.
- THORChain, Chainflip and Symbiosis were also part of the movement of funds.
- The FBI pressure on THORChain points to growing scrutiny of cross-chain infrastructure.
Why it matters
The story highlights how stolen crypto can be routed through multiple networks and bridges, complicating tracing and enforcement. It also underscores the compliance risk facing protocols that facilitate cross-chain transfers.
Original headline: “North Korean hackers launder $242 million of Binance loot via Tron as FBI presses THORChain: analyst”
Read the original on The Block
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.