Chainalysis: Money Laundering Activities Involving Stolen Binance Funds Expand to Solana

TechFlow reported that on November 2, according to Chainalysis monitoring, individuals linked to North Korea began laundering stolen Binance funds on Solana after transferring approximately $500 million from intermediate Tron wallets.

Chainalysis indicated that the attackers moved over $500 million on Tron, dispersing the funds across more than 1,000 addresses, over 3,000 deposits, and multiple DeFi protocols, with most Tron intermediary wallets now emptied. The funds exited Tron via channels such as Chainflip, Relay, THORChain, and NEAR, flowing into dozens of new wallets on chains including Ethereum and Bitcoin.