NewsSignals AI analysis·Via WU_BLOCKCHAIN·Nov 4, 2026

Binance Hacker Pivots to THORChain to Launder Stolen SOL into BTC

Grade Sbearish AI signal$SOL$BTC$ETH

The hacker linked to the reported $6.3 billion Binance exploit is continuing to launder stolen SOL into BTC through THORChain, extending the movement of illicit funds across blockchain networks. The funds were dispersed across multiple wallets, converted from SOL into USDC, bridged to Ethereum to purchase ETH, and subsequently swapped into BTC via THORChain. Continued conversion of stolen funds into BTC could intensify selling pressure on SOL and raise concerns about cross-chain laundering risks and BTC exposure to illicit flows.

Bullish strength: 35/100

Continued conversion into BTC creates additional BTC demand from the laundering process.

Bearish strength: 65/100

The hacker is continuing to move illicit funds from SOL into BTC.
The initial conversion of stolen SOL into USDC involves selling pressure on SOL.
The reported $6.3 billion exploit highlights significant cryptocurrency security and laundering risks.
THORChain is being used to facilitate cross-chain movement of illicit funds.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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