Signal

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

First reported by WSJ · 1h ago

The signal ●●●○ Compiled by AI from WSJ, Techmeme and Gulf News

Why you might care

A significant amount of stolen crypto is now being laundered despite law enforcement intervention.

What happened

THORChain began moving ~$1B of stolen Bybit funds in 2025, earning over $12M in fees, despite FBI pleas to stop the transfers.

What it means

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Developers state they are unable to prevent North Korean hackers from laundering stolen funds via their platforms. This inability frustrates law enforcement efforts.

This situation highlights the challenges in tracing and recovering funds stolen by state-sponsored hacking groups.

AI-written summary. May contain errors.

Crypto

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

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