ImportantPANews
Unprecedented Automated Money Laundering Pattern Detected in Stolen Binance Funds, Chainalysis Discloses Details
Characteristics of the new automated money laundering pattern revealed<p>Blockchain analysis agencies have detected that the funds linked to the Binance theft incident employ an automated money laundering operation logic that has never been observed in the industry. The attackers initiated thousands of transactions within an extremely short period, executing operations automatically via programs to obfuscate fund traceability paths, breaking the conventional operational logic where traditional hacker funds are directly transferred to downstream addresses.</p><p>Under this pattern, funds do not flow in a single direction, but circulate repeatedly across a large number of distinct addresses, even flowing back to previously used historical addresses multiple times, drastically increasing the difficulty of on-chain tracking. A large number of involved addresses exhibit uniform operational characteristics: they first receive exactly 1 TRX, then quickly transfer out after receiving more involved funds subsequently.</p><p>The attackers once transferred a total of 500 million USD in stablecoins to a dedicated exchange wallet, which completed large-scale exchange operations in less than 20 minutes, swapping 325 million USD worth of stablecoins for 285 million USD worth of ETH. The remaining 175 million USD in stablecoins was transferred to a dedicated intermediate wallet approximately 10 minutes later to complete fund splitting and circulation.</p>
- #Hack
More flash news
View allAave Unfreezes All V3 and V4 Markets, 9 Assets Including USDT Temporarily Ineligible as Collateral
Aave posted on the X platform that all Aave V3 and V4 markets previously frozen due to the Binance incident have now been fully unfrozen. As an ongoing preventive measure, the LTV for USDT, USDC, USDT0, POL, WAVAX, sAVAX, XAUT, PAXG, and OP will remain at 0 temporarily, meaning these assets cannot be used as collateral for new borrowings. Aave stated that only new deposits and borrowings were suspended during the freeze period, while withdrawals and repayments operated normally. Aave's contracts were not affected by the incident, and all positions remained fully collateralized.
Uniswap, a16z and Others Urge Illinois to Exclude DeFi From Crypto Tax Rules
Uniswap Labs, a16z, and the DeFi Education Fund have submitted comments on Illinois' draft digital asset transaction tax rules, requesting that DeFi protocols, front-end interfaces, and self-custody withdrawals be excluded from taxation. They also demand that wallet withdrawals and cross-chain bridge operations be exempt from taxes levied based on asset value, and that the private key record-keeping requirement be eliminated. Previously, the Illinois Department of Revenue released draft rules proposing a 0.2% tax on digital asset transactions, with the public comment period closing on October 30; the state has agreed to suspend the effective date and enforcement of the Digital Asset Tax Act until July 1, 2027.
Intel's decline widens to 30%, on track to post its largest single-day percentage drop on record
Intel (INTC.O) has seen its decline widen to 30%, and is poised to register its largest single-day percentage drop in recorded history.
Philadelphia Semiconductor Index Decline Widens to 6%
The Philadelphia Semiconductor Index has extended its decline to 6%. NVIDIA's stock price fell 3.24%, TSMC's stock price fell 3.83%, Broadcom's stock price fell 5.04%, Micron Technology's stock price fell 4.46%, AMD's stock price fell 9.48%, Intel's stock price fell 29.6%, and ARM's stock price fell 10.18%.
NVIDIA Stock Price Drops 3.3%, Total Market Capitalization Falls Below $5 Trillion
Binance market data shows SpaceX (SPCX.O) fell over 5%, hitting its lowest level since August. NVIDIA's stock price declined 3.3%, closing at $206.610 per share, with a total market capitalization of $4.98 trillion. Since the start of the month, NVIDIA's stock price has posted a cumulative decline of over 9%.