Stolen Binance Funds Drive DeFi Protocol Revenue Gains: Investigator

Daily revenue for some of the platforms rose as high as 2,229% as the Binance hacker laundered part of the stolen funds through them. Several DeFi protocols seem to have benefited from North Korean hackers moving hundreds of millions of dollars’ worth of crypto they stole from Binance on October 30. On-chain investigations suggest that the laundering operation generated more than $100,000 in protocol revenue per day for five services. THORChain, Relay and SunSwap Among Biggest Beneficiaries Blockchain investigator dethective, on November 2, posted a breakdown of protocol revenues linked to wallets associated with the Democratic People’s Republic of Korea (DPRK), with SunSwap, THORChain, Relay, Symbiosis, and Chainflip making the most money. Per the data, SunSwap generated $29,697 attributed to the hacker, while THORChain, in second place, earned $28,184. On its part, Relay earned slightly more than $23,000, while Symbiosis made just over half of that. Chainflip wrapped up the top five, collecting $7,433 to bring the total for them to $101,144. The increase in revenue was most pronounced at THORChain and Relay, whose daily revenues went up 2,229% and 1,954%, respectively, compared w...