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Chainalysis Tracks Binance Theft Funds Through Tron DeFi

The firm said it was monitoring the activity in real time.

Updated 1 min read
An analyst reviews blockchain activity on a laptop in a New York City office. / EconoTimes.ai
An analyst reviews blockchain activity on a laptop in a New York City office. / EconoTimes.ai

Stablecoins can remain subject to issuer freezes while moving through decentralized protocols.

Chainalysis said exploiters linked to the Binance theft swapped TRX for stablecoins on Tron and deposited them into DeFi protocols; the firm said it was monitoring the activity in real time.

Earlier EconoTimes coverage compared three estimates of the theft: Chainalysis estimated about $5.912 billion at the time of the theft, TRM Labs counted roughly $6.36 billion in transfers, and Binance estimated an impact of about $6.3 billion.

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