The Wall Street Journal investigation: After approximately $6.3 billion was stolen from Binance on October 29, hackers quickly split the funds among more than 10,000 wallets.

According to the newspaper, citing Chainalysis:
1. Cross-chain protocol THORChain processed more than $46 million in stolen funds within 72 hours of the incident, earning its operators over $200,000 in fees from the transactions;
2. During the same period, nearly $4 million was mixed through Wasabi Wallet, a Bitcoin privacy wallet;
3. The FBI has urged service providers, including THORChain node operators, to block related transactions, but some services have continued to process them and charge fees. About half of the stolen funds have been frozen, and tracking firms estimate that the hackers still control nearly $3 billion.

Developers of decentralized services say their systems are designed in ways that make it difficult to centrally block individual transactions.

For informational purposes only; this is not investment advice. DYOR. Use official channels only, and don’t click unfamiliar claim links.

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