Binance hackers have moved about 81% of the stolen Solana (SOL) and continue laundering funds through THORChain after the protocol resumed swaps. Wallets linked to the attackers held 182,443 SOL, worth $16.9 million, or about 18.8% of the 970,522 SOL stolen, according to Arkham, and the funds were split across wallets, sold for USDC, bridged to Ethereum and ultimately swapped into Bitcoin. The FBI attributed the attack to North Korea's TraderTraitor hackers and urged crypto providers to block transactions linked to stolen assets, which Kim Yo Jong, sister of North Korean leader Kim Jong Un, dismissed as ‘absurd rhetoric.’ THORChain had halted services after an Ethereum block reorganization exposed a refund bug, a pause that Chainalysis said inadvertently delayed the laundering. Chainalysis also estimated that about $500 million moved through Tron.
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 11/03/2026 | 698.14 |
| Change that session | -0.16% |
SOL/USDT
• NeutralSolana
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $56.3B |
| Close on 11/03/2026 | 92.83 |
| Change that session | +0.92% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- FBI Blames North Korea for $6B Binance Hack as Exchange Reopens Withdrawals
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Grayscale's head of research, Zach Pandl, said the $6.3 billion Binance hack could be a temporary setback for crypto confidence but should ultimately push exchanges toward stronger security. He highlighted institutional custody, noting that US-based crypto exchange-traded products hold assets at state-chartered banks and qualified custodians, using offline storage, multi-signature wallets, SOC attestations and insurance. Binance pledged to cover all customer losses, the FBI attributed the attack to North Korea, and Kim Yo Jong dismissed the allegations as “absurd rhetoric.” Bitcoin fell below $77,000 and BNB lost more than 8% over 24 hours, but total crypto market capitalization rebounded 2% over the past 24 hours to about $2.63 trillion by Wednesday, still roughly $100 billion below its Oct. 28 level. Bitwise's André Dragosch told Cointelegraph that recent outflows from US spot Bitcoin ETFs reflected a short-term risk-off environment rather than a structural change in institutional sentiment.
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THORChain has restored trading on Bitcoin, Ethereum and several other networks after a weekend halt, while BNB Smart Chain, Cosmos Hub and Solana still show warnings. According to CoinMarketCap, the RUNE token traded around $0.64 on Wednesday, up approximately 15% over the previous day. The disruption began when a one-block Ethereum reorganization removed a 10 ETH deposit that THORChain had already credited; after a swap failed its price limit, the protocol issued refunds against funds its vault never received, causing an extra 10 ETH payout and an automatic pause. Chainalysis said the pause had inadvertently delayed laundering of funds stolen in the $6.3 billion Binance hack by North Korean hackers.
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