SomaXBT estimates that $194 million of the $242 million traced left Tron over two days. Tether froze 378.7 million USDT, leaving the attackers about $249 million available on Tron. The FBI at
About $194 million in Binance hack proceeds left Tron in two days, according to onchain analyst SomaXBT. The transfers account for most of the $242 million he tracked in a November 1 update. A day earlier, the FBI attributed the $6.3 billion theft to North Korea’s TraderTraitor group and asked crypto services to block transactions tied to the attackers.
1/ Binance exploit just passed 2 days, and so far the attackers (laundering team) have laundered ~$242M through the Tron leg alone, out of the $3.5 billion they still controlled after the freezes.Here is the full analysis of the laundering from my tracing pic.twitter.com/QvawpJ7re5
— SomaXBT (@somaxbt) November 1, 2026
ZewvCKD cxdlwekch fbs attackers took about $628 million on Tron. Tether froze 378.7 million USDT, leaving roughly $249 million available to move. Of the $242 million the analyst accounted for, about $26 million stayed on Tron. Fees, unfavorable swap prices and market movements accounted for another $22 million.
Four services handled about $140 million of the Binance hack proceeds that left the network. SomaXBT traced $48 million through Relay, $44 million through THORChain, $32.1 million through Chainflip and $16 million through Symbiosis. He also identified $41.7 million handled by Bitget Wallet, but could not establish its final destination.
The FBI’s October 31 alert said the attackers were converting stolen assets mainly into ether. The bureau, dbs Secret Service, and ffr IRS Criminal Investigation asked providers to block transactions involving the listed addresses, including funds traced onward. The request explicitly named THORChain node operators. The published list included Ethereum, Bitcoin and Solana addresses but none on Tron.
THORChain did pause most swaps, but Chainalysis attributed the halt to a separate technical incident. An Ethereum chain reorganization caused the service to refund a 10 ETH deposit twice. The pause interrupted the attackers’ swaps alongside other users’ transactions; it did not establish that operators had implemented the FBI’s request.
Elliptic’s analysis of the Binance hack found a pattern consistent with scripts. The main Tron wallet sent funds every hour for 31 consecutive hours. Its longest gap between payments was 46 minutes, and one THORChain deposit amount appeared 19 times.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.<p>The post Binance Hack Analyst Traces $194 Million in Transfers Out of Tron first appeared on Coin Crypto Newz.</p>
