Binance and Bitget Hacks: Common Trails in THORChain

The hacker who attacked Binance and Bitget used THORChain to launder funds. The investigation shows a link between the hacks.

Link via THORChain

According to analyst ZachXBT, the funds stolen in the attacks on Binance ($6.3 billion) and Bitget ($388 million) passed through the THORChain protocol. As a result, they ended up mixed at the same address.

This may indicate that the same attacker is behind both incidents.

Additional Links

The attack on Bitget occurred a month ago. It has been linked to the North Korean hacking group TraiderTraitor.

The investigation revealed overlaps with other previously exploited incidents, including the Kelp DAO hack.