Chainalysis traces laundering of Binance’s stolen funds to Chinese networks

Chainalysis has traced the laundering of stolen Binance funds to Chinese networks, including over-the-counter platforms, following the $6.3 billion theft . Hundreds of thousands of dollars have reached those networks—a small fraction of the stolen cryptocurrency, but evidence that the hackers are attempting to cash out. Nearly $1 billion in stolen assets has begun flowing into laundering channels. Crypto companies have frozen about $3 billion , while roughly $2.42 billion in bitcoin and ether has shown little movement since the attack.

Source: The Cryptonomist