Stolen Binance Funds Drive DeFi Protocol Revenue Gains: Investigator

Several DeFi protocols seem to have benefited from North Korean hackers moving hundreds of millions of dollars’ worth of crypto they stole from Binance on October 30. On-chain investigations suggest that the laundering operation generated more than $100,000 in protocol revenue per day for five services. Blockchain investigator dethective, on November 2, posted a breakdown of protocol revenues linked to wallets associated with the Democratic People’s Republic of Korea (DPRK), with SunSwap, THORChain, Relay, Symbiosis, and Chainflip making the most money. Per the data, SunSwap generated $29,697 attributed to the hacker, while THORChain, in second place, earned $28,184.