In the latest news, on November 4, Salus monitoring found that around 3,600 SOL stolen from Binance had flowed into HitBTC’s hot wallet after being moved through multiple routes using automated scripts and a peeling-chain pattern. As of July this year, around $22 million in illicit funds had flowed into HitBTC. In the $1.4 billion Bybit hack, at least $3.68 million in funds linked to North Korea’s money-laundering network also flowed into the platform. Hackers often use nested services to launder stolen funds. “Nested services” include instant exchange providers, small trading platforms, and over-the-counter (OTC) platforms. These services connect to large trading platforms via APIs to access their liquidity.

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