Hackers who stole Solana (SOL) tokens from Binance have moved 81% of the stolen assets through THORChain, according to CoinTelegraph. This movement occurred after THORChain resumed its swap services, enabling the laundering of the illicit funds.
The routing of stolen SOL via THORChain highlights the ongoing challenges decentralized protocols face in preventing money laundering, especially after periods of downtime. Binance, as one of the largest cryptocurrency exchanges, remains a frequent target for such attacks.
For Japanese investors, this incident underscores the importance of robust security measures and regulatory vigilance in both centralized and decentralized crypto markets, particularly as cross-chain protocols gain traction in Asia.