Chainalysis: Hackers moving more than $6 billion through privacy services
Hackers who stole more than $6 billion from Binance are moving the money through crypto services that make it tough to trace, says Chainalysis.
They're using platforms like THORChain and Wasabi Wallet to spread the funds across more than 10,000 crypto wallets.
Even after the FBI called on operators of cryptocurrency services to help stop the flow, they've kept running without much pushback.
THORChain processed more than $46 million
THORChain, which handles swaps between different cryptocurrencies, has already processed more than $46 million of the stolen cash.
The team says its decentralized setup means it can't really control what users do.
Wasabi Wallet adds another layer of privacy by mixing coins together so no one can see where they came from, making it even harder for investigators to follow the trail.
Debate grows over crypto platform responsibility
This situation is fueling debates about whether crypto platforms should be responsible when their tools get used for crime.
Some critics point out that these decentralized services still have some controls, but often avoid real oversight.
The whole episode shows how current financial rules just aren't built for today's high-tech laundering tricks in crypto.