Chainalysis traced cryptocurrency worth hundreds of thousands of dollars from the $6.3 billion Binance theft to Chinese over-the-counter (OTC) networks, which the firm viewed as evidence of efforts to cash out.
That amount was a small share of the reported theft. Across the wider laundering activity, Chainalysis identified nearly $1 billion in stolen assets entering laundering channels.
Separately, the firm tracked about $500 million moving through TRON. The funds were divided among more than 1,000 addresses before continuing to Ethereum and Bitcoin (BTC). Chainalysis places a later laundering stage on Solana, after transfers passed through intermediary TRON wallets.
Earlier tracking by Chainalysis followed Binance-linked funds through Tron-based decentralized finance services, including swaps from TRX into stablecoins and deposits into protocols. EconoTimes covered that earlier tracing.
