THORChain, which handled ~$1B of stolen Bybit funds in 2025 for $12M+ in fees, began moving the Binance loot despite FBI pleas, saying it can't stop transfers (Wall Street Journal)

According to a Wall Street Journal investigation, hackers behind a $6.3 billion Binance cryptocurrency theft have spread stolen funds across more than 10,000 digital wallets to obscure the money trail. The attackers continued moving assets following an October 29 breach, despite efforts by law enforcement and blockchain companies to freeze the assets.

Chainalysis reported that more than $46 million in stolen assets moved through THORChain during the first 72 hours after the attack, generating over $200,000 in fees for the service's operators. Additionally, nearly $4 million was routed through the Bitcoin privacy service Wasabi Wallet.

The FBI urged cryptocurrency service operators, including those running THORChain nodes, to block transactions linked to the theft. However, the Wall Street Journal reports that THORChain began moving the Binance loot despite these pleas, with some developers stating they cannot stop North Korean hackers from laundering stolen funds through their platforms.

Brief written by urgent.news from Techmeme, Gulf News — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.