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Stolen Binance Funds Lead to DeFi Protocol Revenue Gains: North Korean hacker researcher laundered hundreds of millions in stolen crypto from Binance, generating over $100,000 in revenue daily for several DeFi protocols. THORChain, Relay and SunSwap were the biggest beneficiaries, with revenue increases of up to 2,229% compared to typical October levels. Investigations revealed that THORChain was the primary exit route for $242 million of the stolen funds, with the FBI attributing the hack to North Korea's TraderBug.

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CryptoPotato · Crypto · · Source

🇺🇸 USA · FBI · Map

Stolen Binance Funds Lead to DeFi Protocol Revenue Gains: North Korean hacker researcher laundered hundreds of millions in stolen crypto from Binance, generating over $100,000 in revenue daily for several DeFi protocols. THORChain, Relay and SunSwap were the biggest beneficiaries, with revenue increases of up to 2,229% compared to typical October levels. Investigations revealed that THORChain was the primary exit route for $242 million of the stolen funds, with the FBI attributing the hack to North Korea's TraderBug.

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