Binance hackers turn to never-seen-before laundering patterns

Hackers behind the $6.4 billion Binance-related cryptocurrency theft have adopted unusual money-laundering techniques, rapidly circulating stolen funds through thousands of transactions in an apparent effort to evade detection. According to blockchain analytics firm Chainalysis, investigators identified previously unseen transaction patterns involving repeated transfers between thousands of cryptocurrency addresses. The activity suggests the attackers are using automated processes to move the stolen assets through an increasingly complex network of wallets. Unusual laundering activity In an October 30 investigation titled The $6.4 Billion Binance Hack: Tracing the North Korea Link , Chainalysis highlighted several unusual characteristics of the laundering operation, including repeated fund circulation and a distinctive transaction pattern involving exactly 1 TRX.

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