Binance hack: the attacker has found a way around Tether's freezes on Tron.
He sells TRX for USDT and moves it straight into a lending protocol, so his wallets hold a lending token that Tether cannot block. Then he takes the USDT out in pieces and within minutes swaps it into ETH through Chainflip. Since 14:17 UTC this route has paid him at least 335 ETH, about $752K.
Follow for updates on the Binance trace.
He sells TRX for USDT and moves it straight into a lending protocol, so his wallets hold a lending token that Tether cannot block. Then he takes the USDT out in pieces and within minutes swaps it into ETH through Chainflip. Since 14:17 UTC this route has paid him at least 335 ETH, about $752K.
Follow for updates on the Binance trace.
