Analyst says North Korean hackers laundered $242 million of Binance loot via Tron
An analyst cited by The Block said North Korean hackers laundered $242 million of funds stolen from Binance through Tron, as the FBI presses THORChain. The report said crypto bridges including Relay, THORChain, Chainflip and Symbiosis moved about $140 million of the stolen funds off Tron, with Relay handling the most at $48 million.
Key facts
TRX after this site detected it
- 5 minutes-0.03%vs BTC -0.05 pts
- 1 hour-0.29%vs BTC -0.11 pts
Claims and open questions
Only one publisher so far. Another independent outlet or an official source would raise it.
Security topic · core coin TRX
Fresh security news
What sources claim
- An analyst said North Korean hackers laundered $242 million of Binance loot via Tron, according to The Block.
- The Block reported that crypto bridges Relay, THORChain, Chainflip and Symbiosis moved about $140 million of the stolen funds off Tron.
- Relay handled the most of that off-Tron movement, at $48 million, per The Block.
Still unresolved
- Which analyst produced the $242 million and $140 million figures, and what on-chain data supports them, would confirm the breakdown.
- What specific action the FBI is pressing THORChain to take, and any official FBI or THORChain statement on it, would clarify the enforcement angle.
Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished.
Source evidence
Published Nov 1, 2026, 18:25 · Received Nov 1, 2026, 18:26
Market reaction after detection
Measured from the sample nearest site detection, on the same source and quote currency.
| Window | Return | BTC | Difference from BTC (pp) | Actual sampled interval / source |
|---|---|---|---|---|
| 5 minutes | -0.03% | +0.02% | -0.05 pts | Nov 1, 2026, 18:26 → Nov 1, 2026, 18:31 (UTC) Gate · USDT |
| 1 hour | -0.29% | -0.18% | -0.11 pts | Nov 1, 2026, 18:26 → Nov 1, 2026, 19:26 (UTC) Gate · USDT |
Timing does not establish causation. Methods and limitations →
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