JAPAN TIMES · 2026-11-06 08:26 UTC

Binance hack funds flow to Chinese launderers, Chainalysis says

Chainalysis says hackers behind the $6.3 billion Binance theft, identified by U.S. authorities as North Korea's TraderTraitor group, are moving some stolen crypto through Chinese money-laundering networks. The hackers have spread stolen assets across thousands of wallets and multiple blockchains to obscure their origins. Chainalysis has tracked hundreds of thousands of dollars from the theft, a fraction of the total, flowing into these networks, including over-the-counter trading desks.

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