Over Half of Binance Hack Laundering Transactions Automated, Investigator Says
Blockchain investigator SomaXBT says about 54% of transactions tied to the $6.36 billion Binance hack show signs of automation, as attackers route funds through THORChain.
AfroEuropa Newsroom
AfroEuropa desk
More than half of the transactions connected to the $6.36 billion Binance hack appear to be automated, according to blockchain investigator SomaXBT, whose findings were reported by BitKE.
In an examination of 47,644 transactions across the TRON and Solana blockchains, SomaXBT identified roughly 54% as clearly automated, pointing to a laundering operation carried out at scale through automated processes. The analysis traced funds using raw on-chain data, mapping individual transactions and identifying patterns in how the stolen assets were moved.
Keep reading
Crypto PACs Look to 2028 After Democratic Midterm Sweep Clouds Legislation
Crypto super PACs spent over $176 million on the US midterms, but Democratic control of Congress raises the prospect of tighter industry scrutiny and stalled legislation.
Other highlights
Samsung UK Cuts Galaxy S26 Prices by £250 for Black Friday
Samsung UK has launched a Black Friday campaign reducing prices on several premium Galaxy devices, with phone discounts and trade-in bonuses available.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
