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Chainalysis Tracks $46 Million Stolen From Binance Through THORChain

Fees topped $200,000 in the first 72 hours. Bitquery later counted $113 million in funds routed through THORChain by 5 a.m. ET (10:00 UTC) Friday, Nov. 6.

Updated 1 min read
An analyst traces a route between separate blockchain ledgers in a New York investigations workspace / TokenPost.ai
An analyst traces a route between separate blockchain ledgers in a New York investigations workspace / TokenPost.ai

After the Oct. 29 theft, Chainalysis tracked more than $46 million in funds stolen from Binance through THORChain within the first 72 hours; fees on those transactions exceeded $200,000.

The $46 million figure covers assets routed through THORChain, while the fees came from transactions using the service. THORChain provides exchange routes for crypto assets on separate blockchain networks.

Bitquery put funds stolen from Binance that passed through THORChain at $113 million by 5 a.m. ET (10:00 UTC) Friday, Nov. 6. Its review spans a longer period than Chainalysis' first-72-hour estimate.

Chainalysis' figures from the 2025 Bybit theft put THORChain's handling of stolen funds near $1 billion, with fees at $12 million or more.

Dethective's Nov. 2 analysis put THORChain's daily revenue 2,229% above its October baseline and traced some funds stolen from Binance across DeFi services and cross-chain bridges, as covered in EconoTimes' earlier report.

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