ethereum ·
Binance Exploiter Swaps $911 Million Into ETH, TRX, Arkham Reports
Arkham has reported that $2.8 billion of the assets that were compromised have already been placed under freeze.
This activity involved an exploiter associated with Binance, who channeled $911 million into both ETH and TRX.
The movement of USDT accomplished a bypass of Tether’s established token-freezing procedures.
This situation highlights the ongoing complexities within decentralized finance protocols, specifically concerning asset movement and the efficacy of existing custodial or freezing mechanisms across various layers of the ecosystem.
