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Stolen Binance Funds Linked to Chinese Money Launderers
An analysis traces part of the stolen funds to entities involved in money laundering in China.
06 Nov, 13:47
Redatto da Lorenzo Carlo Junior Marconi
Giornalista Media Press & CH PRESS SA · Società per azioni Svizzera
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Funds linked to an attack on Binance reportedly moved through Chinese money launderers, according to an analysis cited by the international financial press.
Tracing the fund flows
An analysis of cryptocurrency transactions indicates that funds stolen from Binance flowed to Chinese money launderers.
The link to China
The reconstruction therefore links part of the flows stemming from the attack to entities engaged in money laundering in China.
A case under scrutiny
The available data do not specify the amounts, timing, cryptocurrencies involved or further details on how the transfers were carried out.
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