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Investigator Ties Binance Theft Flows to 2,229% THORChain Revenue Gain

The same analysis put Relay's daily revenue increase at 1,954%.

By Enna Lee
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A steel bridge model spans dark channels beside a clear glass vessel / TokenPost.ai
A steel bridge model spans dark channels beside a clear glass vessel / TokenPost.ai

Blockchain investigator dethective linked some funds stolen from Binance to sharp daily revenue gains at decentralized finance (DeFi) platforms in a Nov. 2 breakdown. The largest increase was at THORChain, where daily revenue rose 2,229% against its typical October level, the investigator's comparison showed.

Dethective also put Relay's daily revenue increase at 1,954%.

Funds linked to the Binance theft moved through DeFi services and cross-chain bridges, while large Ether (ETH) and Bitcoin (BTC) holdings tied to the incident showed little movement.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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