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Crypto · November 1, 2026

North Korean hackers launder $242 million of Binance loot via Tron as FBI presses THORChain: analyst

3 sources →

Amidst these movements, the FBI has pressured protocol operators like THORChain to freeze stolen funds, a move that some protocol founders have publicly opposed, citing decentralization principles. Meanwhile, Binance has reopened withdrawals, leading to significant outflows of capital as the platform recovers from what is being characterized as the largest cryptocurrency theft to date.

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Hype check

How the hype check works

Confirmed · 2

Backed by filings, on-chain data, official statements or several independent publishers.

  • Binance reopened withdrawals after a hack. (Binance)
  • THORChain and Relay moved stolen funds off Tron. (The Block)

Claimed · 0

Said by a company, project or person; not yet independently confirmed.

  • None identified.

Speculation · 2

Price talk, forecasts or unnamed sources, quoted as someone else's view.

  • The FBI is pressing THORChain to freeze assets. (The Block)
  • A THORChain co-founder opposes freezing coins. (Cointelegraph)

Reported by multiple outlets

  • North Korean hackers are responsible for a significant theft from Binance.
  • Binance has reopened withdrawals following the hack.
  • THORChain is being pressured by the FBI regarding the stolen funds.
  • Cross-chain bridges were utilized to move stolen funds off the Tron network.

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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.