Elliptic finds Binance hack funds laundered on Tron automatically

Elliptic's data and intelligence team has uncovered that stolen funds from a $6.43 billion Binance hack are being laundered on the Tron blockchain using automated software rather than human working patterns. The main distribution wallet has been steadily transferring funds around the clock every hour without overnight breaks, moving most of the capital into THORChain. Compliance teams are advised to implement continuous screening rather than one-off checks to manage the risks posed by machine-speed laundering. Open article →