TRON became an early route for stolen Binance funds, Elliptic finds

TRON served as a major early route for moving assets stolen in the Binance hack, according to a November 2 investigation by Elliptic. The blockchain analytics firm traced funds spreading across roughly 7,700 TRON addresses before much of the activity shifted elsewhere. Elliptic's summary showed how the attackers moved on some of its assets during and after stablecoin issuers such as Tether froze billions of dollars. Elliptic estimated that about $3.24 billion in digital assets were still sitting at the addresses associated with the theft at around 07:00 UTC on November 2. Thousands of wallets carried the funds onward Binance reported approximately $6.3 billion stolen in the October 29 attack. The FBI subsequently attributed the theft to North Korea’s TraderTraitor group.

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