RE: LeoThread 2025-03-05 00:21
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"Thorchain is being accused of money laundering," says the person not actually involved.
"We successfully traced 95% of the funds moved through Thorchain," claims the sole individual handling the hacked money.
"3.4.25 Executive Summary on
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Hacked Funds: Total stolen amounts to USD 1.4bn, about 500k ETH, with 77% still traceable, 20% unaccounted for, and 3% frozen.
• 83% (417,348 ETH, roughly $1B) were swapped into BTC using 6,954 wallets (averaging 1.71 BTC each).
This week is crucial for freezing operations as funds begin moving at exchanges, OTC, and P2P.
• 361,255 ETH, or $0.9B, equating to 72%, were transacted via Thorchain and remain traceable.
• 79,655 ETH (around 16% of the total) have gone
dark via ExCH, pending updates.
• 40,233 ETH (or $100M) moved through OKX web3 proxy, with 16,680 ETH traceable, and 23,553 ETH (about $65M, or 5%) still untraceable, awaiting details from OKX web3.
Bounty Update:
• Eleven parties assisted in freezing the funds, with top contributions from Mantle, Paraswap, and ZachXBT.
• A total of $2,178,797 USDT has been distributed to 11 bounty hunters."
#Crypto #Cybersecurity
Blockchains are horrible for laundering money
These people aren’t laundering using thorchain