Binance hackers allegedly 7 within hours via Relay cross-chain transferred approximately 38000000 USD, with related transfers still ongoing
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AT A GLANCE
On-chain monitoring states that the related funds were transferred cross-chain via Relay in an amount of approximately 38000000 USD, and whether the risk controls failed remains to be verified.
Article
🔍 On-chain Detective |Binance Hackers 7 within hours via Relay cross-chain transfers 38000000 USD，KYT mechanism questioned
BlockBeats reports,November 1, according to monitoring by Onchain Lens, North Korean hackers linked to the Binance attack incident, within 7 hours, used the cross-chain protocol Relay to transfer approximately 38000000 USD in funds, and the related transfers are still ongoing.
Onchain Lens noted that although Relay claims to have deployed a KYT(Know Your Transaction) risk-control system, the related funds were still successfully transferred cross-chain through the protocol. The account stated that the attackers had previously been unable to move funds so quickly through THORChain, while Relay failed to stop the related transactions in time.
This fund movement was first discovered by @SpecterAnalyst. The relevant address is TNhpfKq83wufEKGjBhQFnT7jnxYmyBzH6F. The above claims currently originate from an on-chain monitoring account; whether Relay experienced a risk-control failure remains subject to further verification.
Original link https://m.theblockbeats.info/flash/374832
Key points
01
BlockBeats said that Onchain Lens detected North Korean hackers linked to the Binance attack incident, who within 7 hours transferred approximately Relay through 38000000 USD in funds.
02
The related transfers are still ongoing.
03
Onchain Lens said that Relay deployed a KYT risk-control system, but the related funds were still transferred cross-chain through the protocol.
04
The relevant address is TNhpfKq83wufEKGjBhQFnT7jnxYmyBzH6F。
05
This fund movement was first discovered by @SpecterAnalyst.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
KYT is a “Know Your Transaction” risk-control mechanism used to identify and monitor suspicious fund movements. Current information is relayed from an on-chain monitoring account and cannot yet confirm the ownership of the funds, nor can it confirm that Relay indeed experienced a risk-control failure.
Why it matters to readers
If the ownership and continued transfer of the related funds are verified, this may increase Binance's asset-security and handling pressure and raise concerns over Relay's cross-chain risk-control capabilities.
This is a security alert concerning cross-chain transfers of stolen or suspicious funds and does not mean the related allegations have been independently verified.
Risks and unknowns
There is no evidence in the original text independently confirming that the funds indeed originated from the Binance attack incident.
Relay Whether there was a KYT risk-control failure remains to be verified.
The related transfers are still ongoing, and subsequent amounts and destinations may change.
The original text does not provide an independent investigation,Relay official statement, or interception record.
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Related concepts
KYT
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