TechWall Street Journal1h ago
THORChain, which handled ~$1B of stolen Bybit funds in 2025
THORChain, which handled ~$1B of stolen Bybit funds in 2025 for $12M+ in fees, began moving the Binance loot despite FBI pleas, saying it can't stop transfers
TL;DRTHORChain moved stolen Binance funds despite FBI requests, claiming it can't block transactions.
Why it matters: Reveals critical gaps in crypto platform accountability and law enforcement's ability to recover hacked assets.
Some crypto developers say they can't stop North Korean hackers from laundering stolen funds through their platforms, frustrating law enforcement
Read full articleSource: Wall Street Journal · Opens in new tab